Investing.com -- Stellantis (NYSE: STLA) shares fell 5% Thursday as the automaker unveiled its €60 billion FaSTLAne 2030 strategic plan ahead of its Investor Day in Auburn Hills, Michigan.

The five-year plan includes more than 60 new vehicle launches and 50 significant refreshes through 2030, covering all brands and powertrains. The company will introduce 29 battery-electric vehicles, 15 plug-in hybrid or range-extended electric vehicles, 24 hybrid electric vehicles and 39 internal combustion engine or mild hybrid electric vehicles.

Stellantis will direct 70% of brand and product investments to four global brands—Jeep, Ram, Peugeot and FIAT—as well as its Pro One commercial vehicles business unit. The company plans to invest over €24 billion, representing 40% of total R&D and capital expenditures, in global platforms, powertrains and new technologies.

The automaker introduced STLA One, a new modular vehicle architecture launching in 2027 that targets 20% cost efficiency. By 2030, Stellantis expects 50% of global annual volumes to be produced on three global platforms, with up to 70% component reuse.

The company’s Value Creation Program aims to deliver €6 billion of annual cost reduction by 2028 compared to a 2025 baseline. Manufacturing capacity utilization is expected to improve across regions, with European capacity reduced by more than 800,000 units through plant repurposing and partnerships.

Regional targets include 25% revenue growth and 8-10% adjusted operating income margin in North America, 15% revenue growth and 3-5% margin in Enlarged Europe, and 40% revenue growth and 10-12% margin in the Middle East and Africa. North America will receive 60% of the €36 billion allocated to brands and products.

Stellantis expanded partnerships with Leapmotor, Dongfeng, Tata and Jaguar Land Rover to share capacity, improve cost competitiveness and access additional markets.