{"id":185707,"date":"2026-05-04T12:15:34","date_gmt":"2026-05-04T10:15:34","guid":{"rendered":"https:\/\/newmobility.news\/?p=185707"},"modified":"2026-05-04T11:37:40","modified_gmt":"2026-05-04T09:37:40","slug":"stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures","status":"publish","type":"post","link":"https:\/\/newmobility.news\/en\/2026\/05\/04\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\/","title":{"rendered":"Stellantis sees (small) benefits again in Q1 2026 but continues its cost-control measures"},"content":{"rendered":"

Stellantis CEO Antonio Filosa said the automaker will implement a global cost-cutting program as he seeks to build on his recovery plan, which delivered a \u20ac377 million first-quarter profit after a \u20ac387 million loss a year earlier.<\/p>\n

Filosa did not offer specifics about the cost-control measures, which he called the Value Creation Program, or VCP, except to say that it would focus mainly on North America and Europe and that its targets would be \u201cambitious”.<\/p>\n

The program \u201cwill most likely also include fixed cost management,\u201d Filosa said. He disclosed the program in a quarterly results call on April 30. More details about the VCP will be revealed at a capital markets day in Auburn Hills, Michigan, on May 21, Filosa said.<\/p>\n

Comeback started?<\/h4>\n

Stellantis has begun a comeback under Filosa, who became CEO in June, six months after Carlos Tavares stepped down following a surprise profit warning.<\/p>\n

Stellantis reported an operating margin of 2.5 % for the first quarter of 2026. Some regions had better results than others. South America and the Middle East\/Africa posted double-digit margins, while the North America margin was 1.6%, and Europe was 0.1%.<\/p>\n

Stellantis booked a positive impact of around \u20ac400 million in tariff refunds after a US court ruling. Without the expected refunds, operating income in North America would have been negative.<\/p>\n

The announcement of the Value Creation Program comes as one of Stellantis\u2019 biggest rivals, Volkswagen Group, announced sweeping cost cuts, including eliminating 50,000 jobs in Germany by 2030 and trimming excess capacity.<\/p>\n

Stellantis, like VW, has significant excess capacity in its European factories. Stellantis is ending car production at its Poissy factory near Paris and is reportedly in talks with Chinese automakers about selling or sharing other at-risk plants.<\/p>\n

US: improvement expected<\/h4>\n

Filosa told investors that North America would show sequential margin improvement for the rest of 2026, citing higher orders for vehicles with Hemi V-8 engines, \u201chigh-profit\u201d Jeep models, and the Dodge Challenger Sixpack with a turbocharged 3.0-liter six-cylinder engine.<\/p>\n

He said Hemi powertrains accounted for 40% of Ram pickup deliveries in the quarter. Profits will improve despite the continued impact of tariffs, estimated at \u20ac1.3 billion for 2026, and a \u20ac1 billion headwind from higher raw-material prices.<\/p>\n

The relaunch of the Hemi in Ram pickups, an engine program that was canceled under Tavares, is \u201cgood for volume, mix and profit per unit,\u201d Filosa pointed out. He also said the launch of new models, including the high-performance Ram 1500 SRT TRX pickup, Jeep Wagoneer extended-range EV, and Jeep Recon electric SUV, would boost profits. \u201cRevenue and mix will keep growing all year,\u201d he stated.<\/p>\n

Europe: more caution<\/h4>\n

Filosa was more cautious about Europe, saying the region (including the Balkans and Eurasia) would reach \u201cbreakeven plus\u201d the remainder of the year. An ever-tougher competitive landscape, marked by the growth of Chinese entrants, means pricing will remain flat, he said, and any profits would depend on cost controls through the Value Creation Program.<\/p>\n

Deliveries and sales in Europe were up in the first quarter, but heavy discounts and incentives led to a pricing impact of negative \u20ac441 million. Other brakes on profits in Europe are light-commercial vehicle sales and set-asides for emissions fines, Filosa and CFO Joao Laranjo explained.<\/p>\n

That stands in contrast to North America, where higher margins from Hemi-equipped pickups led to a \u20ac200 million improvement in pricing in the quarter.<\/p>\n

Geo-political impact<\/h4>\n

Filosa briefly touched on the impact of the conflict in the Middle East and the subsequent rise in fuel prices. He said in Europe, Stellantis is seeing increased orders for its small electric cars on the Smart Car architecture, while in the US, there is high interest in its lone full-hybrid model, the Jeep Cherokee, which has a 1.6-liter engine and fuel economy of 37 miles per gallon.<\/p>\n

Filosa explained that he also did not envision any partnership with Chinese automakers in the US for now, although he noted that the collaboration with Leapmotor, in which Stellantis holds a 20 percent stake, is expanding in Europe and South America.<\/p>\n

\u201cWe started commercially only with the Leapmotor International joint venture, but our mutual interest in discussing all potential industrial partnerships is growing,\u201d Filosa concluded.<\/p>\n

\"\"
The Opel Frontera is one of the small cars that is driving Stellantis’ sales growth in Europe \/Opel<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Stellantis CEO Antonio Filosa said the automaker will implement a global cost-cutting program as he seeks to build on his recovery plan, which delivered a \u20ac377 million first-quarter profit after a \u20ac387 million loss a year earlier. Filosa did not offer specifics about the cost-control measures, which he called the Value Creation Program, or VCP, […]<\/p>\n","protected":false},"author":13,"featured_media":185713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[16,4],"tags":[],"class_list":["post-185707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-top-stories-today"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=1854%2C1020&ssl=1",1854,1020,false],"thumbnail":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=300%2C165&ssl=1",300,165,true],"medium_large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=640%2C352&ssl=1",640,352,true],"large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=640%2C352&ssl=1",640,352,true],"1536x1536":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=1536%2C845&ssl=1",1536,845,true],"2048x2048":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=1854%2C1020&ssl=1",1854,1020,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=18%2C10&ssl=1",18,10,true],"related-thumb":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=640%2C480&ssl=1",640,480,true],"gform-image-choice-sm":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=300%2C300&ssl=1",300,300,true],"gform-image-choice-md":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=400%2C400&ssl=1",400,400,true],"gform-image-choice-lg":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=600%2C600&ssl=1",600,600,true],"mailchimp":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?fit=560%2C308&ssl=1",560,308,true],"unipress-phone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=640%2C100&ssl=1",640,100,true],"unipress-tablet":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=1536%2C240&ssl=1",1536,240,true],"unipress-tablet-portrait":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=1536%2C180&ssl=1",1536,180,true],"unipress-tablet-landscape":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=1854%2C180&ssl=1",1854,180,true],"unipress-smartphone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=1080%2C168&ssl=1",1080,168,true],"unipress-wide-screen":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown.png?resize=1854%2C180&ssl=1",1854,180,true]},"post_excerpt_stackable_v2":"

Stellantis CEO Antonio Filosa said the automaker will implement a global cost-cutting program as he seeks to build on his recovery plan, which delivered a \u20ac377 million first-quarter profit after a \u20ac387 million loss a year earlier. Filosa did not offer specifics about the cost-control measures, which he called the Value Creation Program, or VCP, except to say that it would focus mainly on North America and Europe and that its targets would be \u201cambitious”. The program \u201cwill most likely also include fixed cost management,\u201d Filosa said. He disclosed the program in a quarterly results call on April 30. More…<\/p>\n","category_list_v2":"Industry<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Tony Verhelle","url":"https:\/\/newmobility.news\/en\/author\/toverbel\/"},"comments_num_v2":"0 comments","yoast_head":"\nStellantis sees (small) benefits again in Q1 2026 but continues its cost-control measures - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2026\/05\/04\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellantis sees (small) benefits again in Q1 2026 but continues its cost-control measures - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Stellantis CEO Antonio Filosa said the automaker will implement a global cost-cutting program as he seeks to build on his recovery plan, which delivered a \u20ac377 million first-quarter profit after a \u20ac387 million loss a year earlier. Filosa did not offer specifics about the cost-control measures, which he called the Value Creation Program, or VCP, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmobility.news\/en\/2026\/05\/04\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\/\" \/>\n<meta property=\"og:site_name\" content=\"newmobility.news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/search\/top\/?q=newmobility.news\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-04T10:15:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmobility.news\/wp-content\/uploads\/2026\/05\/Unknown-1024x563.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tony Verhelle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:site\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony Verhelle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2026\\\/05\\\/04\\\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2026\\\/05\\\/04\\\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\\\/\"},\"author\":{\"name\":\"Tony Verhelle\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/#\\\/schema\\\/person\\\/2ff3ee98a47b47a64547742d0f598008\"},\"headline\":\"Stellantis sees (small) benefits again in Q1 2026 but continues its cost-control measures\",\"datePublished\":\"2026-05-04T10:15:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2026\\\/05\\\/04\\\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\\\/\"},\"wordCount\":711,\"publisher\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2026\\\/05\\\/04\\\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/newmobility.news\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/Unknown.png?fit=1854%2C1020&ssl=1\",\"articleSection\":[\"Industry\",\"Top Stories Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2026\\\/05\\\/04\\\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\\\/\",\"url\":\"https:\\\/\\\/newmobility.news\\\/2026\\\/05\\\/04\\\/stellantis-sees-small-benefits-again-in-q1-2026-but-continues-its-cost-control-measures\\\/\",\"name\":\"Stellantis sees (small) benefits again in Q1 2026 but continues its cost-control measures - 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