Stellantis was formed on January 16, 2021 when Fiat Chrysler Automobiles and Groupe PSA completed a 50-50 merger. FCA brought profitable US pickups and SUVs from Jeep and Ram; PSA brought efficient European platforms from Peugeot, Citroen and Opel. Both sides argued that only greater scale could fund electrification, software and emissions compliance.
The Tavares years
Carlos Tavares, previously CEO of PSA, ran Stellantis from 2021 to 2024. Cost synergies and strong US pricing lifted net revenues to ~$214 billion (EUR 189.5 billion) and net profit to ~$21 billion (EUR 18.6 billion) in 2023. In 2024 high US inventories and falling sales cut profits sharply, and Tavares resigned in December 2024.
The 2025 reset
Antonio Filosa became CEO in June 2025. The company took large charges as it reworked product and EV plans, ending 2025 with ~$173 billion (EUR 153.5 billion) of net revenues and a ~$25.2 billion (EUR 22.3 billion) net loss.
FaSTLAne 2030 and the 2026 recovery
At its May 2026 investor day Stellantis presented FaSTLAne 2030, with more than $67.8 billion (EUR 60 billion) of investment, over 60 launches and a ~$215 billion (EUR 190 billion) revenue target for 2030. First-half 2026 net revenues rose 10% to ~$92.2 billion (EUR 81.6 billion) and the group returned to a ~$757 million (EUR 0.67 billion) net profit, led by North America. Even so, its US shares hit a record low of about $4.43 in September 2026, showing how much investors still want proof of the turnaround.