Stellantis N.V. (NYSE: STLA) announced its FaSTLAne 2030 strategic plan, a €60 billion investment over five years aimed at accelerating growth and profitability. The plan was presented at an investor day at the company's North America headquarters in Auburn Hills, Michigan.

The strategy focuses on six core pillars: sharper brand portfolio management, investment in global platforms and technology, strategic partnerships, manufacturing footprint optimization, execution excellence, and regional empowerment.

Under the plan, Stellantis will launch more than 60 new vehicles and 50 significant refreshes between now and 2030, including 29 battery-electric vehicles. The company will concentrate 70% of brand and product investments on four global brands: Jeep, Ram, Peugeot and FIAT, plus its Pro One commercial vehicle unit.

Stellantis plans to invest over €24 billion in global platforms, powertrains and technologies, representing 40% of total research and development and capital expenditure during the period. By 2030, 50% of global annual volumes will be produced on three global platforms.

The company is expanding partnerships with several firms including Leapmotor, Dongfeng, Tata, and Jaguar Land Rover. Through Leapmotor International, which Stellantis owns 51%, the companies plan to cooperate on purchasing and industrial capacity sharing.

Regional targets include 25% revenue growth in North America with an adjusted operating income margin of 8-10%, and 15% revenue growth in Europe with a 3-5% margin. The company expects to reduce European capacity by more than 800,000 units while increasing utilization from 60% to 80% by 2030.

CEO Antonio Filosa stated the plan is designed to drive long-term profitable growth with customers at the center of operations. The company's Value Creation Program targets €6 billion in annual cost reduction by 2028.