Stellantis has unveiled FaSTLAne 2030, a five-year strategic plan involving €60 billion ($69.6 billion) in investment aimed at expanding its vehicle portfolio, increasing operational efficiency and strengthening partnerships across global markets.
The company said the plan includes more than 60 new vehicle launches and 50 model refreshes by 2030.
Stellantis said approximately €24 billion of planned investment will be directed toward vehicle platforms, powertrains and technologies, while around €36 billion will be allocated to brands and product development.
“FaSTLAne 2030 is the result of months of disciplined work across the Company and is designed to drive long-term profitable growth,” said Antonio Filosa, chief executive of Stellantis.
“With the customer at the center of everything we do, the plan will deliver our purpose – ‘to move people with brands and products they love and trust’ – powered by our unique combination of strengths,” Filosa added.
The company said the strategy is built around six pillars including brand portfolio management, manufacturing, partnerships, execution, platform investment and regional decision-making.
Stellantis plans to introduce 29 battery-electric vehicles, 15 plug-in hybrid or range-extended hybrid models, 24 hybrid vehicles and 39 internal combustion or mild-hybrid models by 2030.
The automaker identified Jeep, Ram, Peugeot and Fiat as its four primary global brands, alongside its Pro One commercial vehicle division.
According to Stellantis, roughly 70% of brand and product investment will be focused on those brands and the commercial vehicle business.
The company also outlined plans to expand international partnerships, including a new joint venture in China with Dongfeng Motor, increased cooperation with Leapmotor for European vehicle production and collaboration with Tata Group across Asia-Pacific, the Middle East, Africa and South America.
In Europe, Stellantis said it plans to reduce production capacity by more than 800,000 units while increasing factory utilization rates from 60% to 80% by 2030.
Filosa said the company’s global scale, dealer network, regional operations and strategic partnerships position it to improve affordability, innovation and operational execution over the long term.