Stellantis, formed through a merger five years ago, has seen a decline in U.S. shares by 43% and Italian-listed shares by 40%. The automaker’s stock debuted on the NYSE in Jan 2021, but faced financial troubles in 2024 amid cost-cutting efforts and a push into electric vehicles.

New Stellantis CEO Antonio Filosa is focused on a sales turnaround plan, with a strong emphasis on Jeep and Ram brands regaining U.S. market share. He aims for growth through execution of a robust strategy. Filosa is considering regional refocusing or shrinking the company’s brand portfolio, including Fiat and Alfa Romeo.

Investors eagerly await a new strategy following Carlos Tavares’ departure as CEO amid troubling sales and financial results. Since Filosa took over, U.S. shares are up 2%, closing at $9.60 per share. Filosa has worked to repair relationships with retailers and approved changes to product plans, prioritizing away from electrified vehicles towards a brighter future.

Read more at CNBC: Stellantis stock off 43% as Jeep maker turns five, executes turnaround