Stellantis CEO defends 2026 targets as stock hits record low amid labor and analyst pressures
Stellantis CEO Antonio Filosa reaffirmed the company's 2026 financial targets during a Detroit event, despite the stock hitting an all-time low. The automaker is executing a $70 billion turnaround plan to achieve positive cash flow by 2027, but faces mounting pressure from a Canadian labor dispute, analyst downgrades, and production halts in Europe.