Antonio Filosa, the CEO of Stellantis, has reaffirmed the company's commitment to returning to profitability this year, debunking claims associated with the former leadership of Carlos Tavares. He indicated that the transition towards electric vehicles involved an optimistic view that might have overshadowed sound strategic decisions. As part of the company's recovery and adjustment strategy, Filosa has announced measures to reinforce their supplier network and noted the return of approximately 2,000 engineers who had left the company, suggesting a significant restructuring to adapt to market dynamics.

During a remote address from Auburn Hills, Filosa emphasized a 'strategic reset' at Stellantis to prioritize customer needs amidst changing market conditions. He is set to unveil the new industrial plan on May 21 in the USA, which will further clarify Stellantis's direction and intended investments. Responding to questions about the company's focus on Europe and Italy, particularly in light of a $13 billion investment in North America, Filosa expressed a definitive need for the European market, signifying that while Stellantis aims to make substantial strides in the US, Europe remains a crucial area of focus for growth and innovation.

This statement comes at a pivotal time for Stellantis as the automotive industry is undergoing rapid changes with the shift towards electrification. Filosa's remarks reflect a pragmatic approach to steering the company towards a sustainable and profitable future while addressing the realities of the current market and technological landscape. His focus on collaboration with suppliers and the return of key personnel indicates a comprehensive strategy to boost efficiency and innovation at Stellantis, ensuring that the company not only catches up with competitors but also positions itself for long-term success.