Stellantis announced a major five-year strategy involving €60 billion in investments aimed at boosting growth, efficiency, and profitability by 2030.

The plan includes €36 billion for its vehicle brands, with most spending focused on North America, and €24 billion for platforms and new technologies.

The company expects to launch over 60 new models, refresh 50 existing ones, and expand across electric, hybrid, and traditional vehicles.

Stellantis also aims to return to positive free cash flow by 2027 and significantly increase revenue and operating margins over the decade, CNBC has reported.

To reduce costs and complexity, it will streamline operations using a new vehicle platform while maintaining its 14-brand portfolio.