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USA Today
5 days ago
- Automotive
- USA Today
Stellantis names Antonio Filosa new CEO amid financial turmoil
Stellantis names Antonio Filosa new CEO amid financial turmoil Show Caption Hide Caption Stellantis: The automaker's history, legacy Explore the history of Stellantis, the automotive giant formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group. Antonio FIlosa takes the helm amid economic instability in the U.S. auto market and declining Stellantis revenue. Filosa aims to grow Stellantis' presence in the U.S., its largest market. Stellantis has named Antonio Filosa as the second CEO in the company's history, taking over after a year of turmoil for the automaker. Filosa, 51, from Naples, Italy, has been an executive at the company since Stellantis' formation in 2021, when Fiat Chrysler Automobiles and Peugeot maker PSA Group merged. Filosa's ties to the company date back to 1999, when he began with Fiat. He later served as the CEO of the Jeep brand. Recently, Filosa's responsibilities at Stellantis have ramped up. He served as the chief operating officer of the Americas while also taking on the role of chief quality officer — a role he assumed in February 2025. Now he will lead the fourth-largest automaker in the world, overseeing Stellantis' full lineup, which includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, Lancia and Vauxhall. When he was chief operating officer for South America, Brazil became the second-largest volume market for Jeep vehicles, second to the United States. Filosa takes on leadership at a time when the automotive market in the United States is facing stark economic instability. Earlier this year, Stellantis announced it would be suspending its financial guidance for 2025, citing 'tariff-related uncertainties.' In its latest earnings report, Stellantis saw a 14% dip in revenue during the first quarter of 2025. The year prior told a similar story: In 2024, Stellantis saw a 70% drop in net profit compared with 2023. Note to the next Stellantis CEO: First thing, kill these 4 brands Sales fell 15% in 2024 compared with the year before, and the company in April reported that first-quarter sales this year dropped 12% from the same quarter last year. In the past 12 months, Stellantis shares have lost half their value, closing Tuesday at $10.44. Recently, Filosa has expressed interest in fostering the growth of Stellantis vehicles in the United States. 'To us, the U.S. is the biggest market Stellantis has the privilege to operate in. It's the biggest priority,' Filosa told the Free Press at the Detroit Auto Show in January. According to data from the end of 2024, Stellantis currently employs approximately 34,000 people in Michigan, 75,000 nationwide and more than 248,000 globally. On June 23, Filosa will officially begin his role and unveil his team of executives. Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, said the new CEO is what the company needs to reverse its slipping profits, mounting concerns over quality and a stained relationship with North American dealers. "(Filosa) has got a lot of experience from North and South America, working with Jeep, working with all the important parts of the company," Fiorani said. "In recent years, North America hasn't been on the radar as strongly as it should have been for the early years of Stellantis." A leader who knows the importance of Stellantis' North American market "is going to help the company make it through this decade and into the future," Fiorani said. As Stellantis' future begins under Filosa, it may not be easy or smooth. Fiorani said the company has some tough decisions to make: It will likely have to pare down the number of brands it offers, emphasize (or shrink) production in China, and take extra steps to create efficient production across brands. "These things are going to be longer-term issues, and it's not going to happen in the first few weeks," Fiorani said. "But they're all points that need to be addressed because this is a global company." Succeeding Tavares Filosa replaces the first CEO of Stellantis, Carlos Tavares, who resigned in 2024. During his abbreviated tenure, Tavares maintained strained relationships with both American dealers and the UAW, which spent months calling for his resignation during its "Keep the Promise" picket campaign in 2024. Through a series of filed and retracted grievances, the UAW alleged Stellantis was falling short of staffing numbers and investments promised in a 2023 bargaining agreement struck between the company and the union. At the same time, U.S. Stellantis dealers took the extraordinary step of writing a public letter criticizing the company's operations. Calling Tavares' leadership "reckless short-term decision-making," the dealers chided the company for jeopardizing their hallmark American brands: Chrysler, Dodge, Jeep and Ram. "The reckless short-term decision-making to secure record profits in 2023 has had devastating, yet entirely predictable, consequences in the US market," the letter read. Under Filosa, Stellantis hopes to reverse those consequences. Liam Rappleye covers Stellantis and the UAW for the Detroit Free Press. Contact Liam Rappleye: LRappleye@ This is a developing story and will be updated.
Yahoo
5 days ago
- Automotive
- Yahoo
Stellantis names Antonio Filosa new CEO amid financial turmoil
Stellantis has named Antonio Filosa as the second CEO in the company's history, taking over after a year of turmoil for the automaker. Filosa, 51, from Naples, Italy, has been an executive at the company since Stellantis' formation in 2021, when Fiat Chrysler Automobiles and Peugeot maker PSA Group merged. Filosa's ties to the company date back to 1999, when he began with Fiat. He later served as the CEO of the Jeep brand. Recently, Filosa's responsibilities at Stellantis have ramped up. He served as the chief operating officer of the Americas while also taking on the role of chief quality officer — a role he assumed in February 2025. Now he will lead the fourth-largest automaker in the world, overseeing Stellantis' full lineup, which includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, Lancia and Vauxhall. When he was chief operating officer for South America, Brazil became the second-largest volume market for Jeep vehicles, second to the United States. Filosa takes on leadership at a time when the automotive market in the United States is facing stark economic instability. Earlier this year, Stellantis announced it would be suspending its financial guidance for 2025, citing 'tariff-related uncertainties.' In its latest earnings report, Stellantis saw a 14% dip in revenue during the first quarter of 2025. The year prior told a similar story: In 2024, Stellantis saw a 70% drop in net profit compared with 2023. Note to the next Stellantis CEO: First thing, kill these 4 brands Sales fell 15% in 2024 compared with the year before, and the company in April reported that first-quarter sales this year dropped 12% from the same quarter last year. In the past 12 months, Stellantis shares have lost half their value, closing Tuesday at $10.44. Recently, Filosa has expressed interest in fostering the growth of Stellantis vehicles in the United States. 'To us, the U.S. is the biggest market Stellantis has the privilege to operate in. It's the biggest priority,' Filosa told the Free Press at the Detroit Auto Show in January. According to data from the end of 2024, Stellantis currently employs approximately 34,000 people in Michigan, 75,000 nationwide and more than 248,000 globally. On June 23, Filosa will officially begin his role and unveil his team of executives. Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, said the new CEO is what the company needs to reverse its slipping profits, mounting concerns over quality and a stained relationship with North American dealers. "(Filosa) has got a lot of experience from North and South America, working with Jeep, working with all the important parts of the company," Fiorani said. "In recent years, North America hasn't been on the radar as strongly as it should have been for the early years of Stellantis." A leader who knows the importance of Stellantis' North American market "is going to help the company make it through this decade and into the future," Fiorani said. As Stellantis' future begins under Filosa, it may not be easy or smooth. Fiorani said the company has some tough decisions to make: It will likely have to pare down the number of brands it offers, emphasize (or shrink) production in China, and take extra steps to create efficient production across brands. "These things are going to be longer-term issues, and it's not going to happen in the first few weeks," Fiorani said. "But they're all points that need to be addressed because this is a global company." Filosa replaces the first CEO of Stellantis, Carlos Tavares, who resigned in 2024. During his abbreviated tenure, Tavares maintained strained relationships with both American dealers and the UAW, which spent months calling for his resignation during its "Keep the Promise" picket campaign in 2024. Through a series of filed and retracted grievances, the UAW alleged Stellantis was falling short of staffing numbers and investments promised in a 2023 bargaining agreement struck between the company and the union. At the same time, U.S. Stellantis dealers took the extraordinary step of writing a public letter criticizing the company's operations. Calling Tavares' leadership "reckless short-term decision-making," the dealers chided the company for jeopardizing their hallmark American brands: Chrysler, Dodge, Jeep and Ram. "The reckless short-term decision-making to secure record profits in 2023 has had devastating, yet entirely predictable, consequences in the US market," the letter read. Under Filosa, Stellantis hopes to reverse those consequences. Liam Rappleye covers Stellantis and the UAW for the Detroit Free Press. Contact Liam Rappleye: LRappleye@ This is a developing story and will be updated. This article originally appeared on Detroit Free Press: Stellantis names new CEO: What it means for the auto industry Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
Antonio Filosa named CEO of Stellantis, taking over after tough year for automaker
Stellantis has named Antonio Filosa as the second CEO in the company's history, taking over after a year of turmoil for the automaker. Filosa, 51, from Naples, Italy, has been an executive at the company since Stellantis' formation in 2021, when Fiat Chrysler Automobiles and Peugeot maker PSA Group merged. Filosa's ties to the company date back to 1999, when he began with Fiat. He later served as the CEO of the Jeep brand. Recently, Filosa's responsibilities at Stellantis have ramped up. He served as the chief operating officer of the Americas while also taking on the role of chief quality officer — a role he assumed in February 2025. Now he will lead the fourth-largest automaker in the world, overseeing Stellantis' full lineup, which includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, Lancia and Vauxhall. When he was chief operating officer for South America, Brazil became the second-largest volume market for Jeep vehicles, second to the United States. Filosa takes on leadership at a time when the automotive market in the United States is facing stark economic instability. Earlier this year, Stellantis announced it would be suspending its financial guidance for 2025, citing 'tariff-related uncertainties.' In its latest earnings report, Stellantis saw a 14% dip in revenue during the first quarter of 2025. The year prior told a similar story: In 2024, Stellantis saw a 70% drop in net profit compared with 2023. Sales fell 15% in 2024 compared with the year before, and the company in April reported that first-quarter sales this year dropped 12% from the same quarter last year. In the past 12 months, Stellantis shares have lost half their value, closing Tuesday at $10.44. Recently, Filosa has expressed interest in fostering the growth of Stellantis vehicles in the United States. 'To us, the U.S. is the biggest market Stellantis has the privilege to operate in. It's the biggest priority,' Filosa told the Free Press at the Detroit Auto Show in January. According to data from the end of 2024, Stellantis currently employs approximately 34,000 people in Michigan, 75,000 nationwide and more than 248,000 globally. On June 23, Filosa will officially begin his role and unveil his team of executives. Filosa replaces the first CEO of Stellantis, Carlos Tavares, who resigned in 2024. During his abbreviated tenure, Tavares maintained strained relationships with both American dealers and the UAW, which spent months calling for his resignation during its "Keep the Promise" picket campaign in 2024. Through a series of filed and retracted grievances, the UAW alleged Stellantis was falling short of staffing numbers and investments promised in a 2023 bargaining agreement struck between the company and the union. At the same time, U.S. Stellantis dealers took the extraordinary step of writing a public letter criticizing the company's operations. Calling Tavares' leadership "reckless short-term decision-making," the dealers chided the company for jeopardizing their hallmark American brands: Chrysler, Dodge, Jeep and Ram. "The reckless short-term decision-making to secure record profits in 2023 has had devastating, yet entirely predictable, consequences in the US market," the letter read. Under Filosa, Stellantis hopes to reverse those consequences. Liam Rappleye covers Stellantis and the UAW for the Detroit Free Press. Contact Liam Rappleye: LRappleye@ This is a developing story and will be updated. This article originally appeared on Detroit Free Press: Antonio Filosa named new CEO of Stellantis Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
20-05-2025
- Automotive
- Miami Herald
Stellantis CEO Search Heats Up: New Leader Incoming?
Stellantis may soon have a new CEO, and it's likely someone already in the building. Antonio Filosa, the company's chief operating officer for the Americas and a longtime Fiat Chrysler veteran, has emerged as the leading candidate to take the helm, according to multiple reports. The automaker, which oversees brands like Jeep, Ram, Dodge, and Chrysler, is reportedly nearing a final decision. Chairman John Elkann is leading the search and previously said the process would be wrapped up by the end of June. While Stellantis hasn't confirmed the frontrunner publicly, a company spokesperson noted, "No decision has been made." Filosa's name has been in the mix for months, but recent reports suggest his odds have significantly improved. Still, the situation is said to remain fluid, and Elkann could pivot to another candidate at the last minute. Filosa, a native of Naples, Italy, is no stranger to Stellantis or its predecessor companies. He began his career at Fiat in 1999 and eventually rose through the ranks of Fiat Chrysler Automobiles. Prior to his current role, he led the Jeep brand globally, a post that gave him deep exposure to both the U.S. and international markets. In December, he was appointed COO of the Americas and joined the company's interim executive committee. His deep roots on the Fiat side of the 2021 Stellantis merger could help him navigate the multinational complexity of a company formed from two legacy automakers: FCA and Peugeot's PSA Group. If selected, Filosa would be stepping into the CEO role during a rocky stretch for Stellantis. The company reported a 14% drop in revenue in the first quarter of 2025 compared to the same period a year earlier. It also suspended its financial guidance for the year, citing uncertainty around global tariffs. Filosa has acknowledged the importance of the U.S. market in his public appearances. "To us, the U.S. is the biggest market Stellantis has the privilege to operate in. It's the biggest priority," he said during the Detroit Auto Show in January. That message may have helped win over stakeholders frustrated under outgoing CEO Carlos Tavares. Under Tavares, Stellantis had a strained relationship with some of its U.S. dealers. In contrast, Filosa has received more favorable marks from dealer groups and has made efforts to emphasize the strategic importance of the American market. Rebuilding trust in the U.S. will likely be a key task for whoever becomes CEO. Stellantis has faced criticism from the United Auto Workers (UAW), which has pushed for greater domestic investment and job creation. Earlier this year, the UAW withdrew grievances tied to Stellantis' operations in Detroit and Belvidere, Illinois, after receiving new commitments from the company. Whether Filosa ultimately gets the job remains to be seen. But if he does, he'll inherit a company facing high expectations in a rapidly shifting auto market. EV strategy, U.S. market confidence, labor relations, and global production costs will all be on the table. One thing is certain: The next Stellantis CEO won't have much time to ease into the role. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
13-05-2025
- Automotive
- Yahoo
Reports: Stellantis executive leading U.S. now top CEO candidate
The top contender to become Stellantis' next CEO is the man leading the automaker's U.S. operations, according to published reports. Antonio Filosa, Stellantis' chief operating officer for the Americas and chief quality officer, is now the main candidate to shepherd the owner of the Jeep, Ram, Chrysler, Dodge and Fiat brands, according to Bloomberg, citing unnamed sources. Filosa had been seen as one of several possible candidates to replace former CEO Carlos Tavares, but the likelihood of his selection has apparently increased substantially. Chairman John Elkann has been heading the selection process and has insisted the company would pick the next CEO in the first half of this year. Bloomberg reported that the automaker is 'closing in on a final decision," describing the situation as fluid and noting that Elkann could still opt for a different candidate. Stellantis stopped short of confirming the news, however. "No decision has been made. The timing for nominating the new CEO remains unchanged, which means that the process will be concluded by the end of June,' according to a spokesperson. Filosa, a native of Naples, Italy, was named COO of the Americas and a member of the interim executive committee in December, according to the company. His bio notes that he has been a member of the company's top executive team since Stellantis was formed from the merger of Fiat Chrysler Automobiles and Peugeot maker PSA Group in 2021. His roots with the company stem from the FCA side, dating to the Fiat Group in 1999, and he has previously led the Jeep brand globally. Should he be named as the next CEO, Filosa would take the reins of a company that continues to face challenges after a particularly tough 2024. The automaker in April reported a 14% revenue slide for the first quarter of this year compared with the same period a year ago and announced it was suspending its financial guidance for 2025 in the face of 'tariff-related uncertainties.' Under Tavares, Stellantis had alienated key stakeholders, including many of its U.S. dealers, but Filosa had gotten positive marks from dealers with whom the Free Press had spoken. He had also highlighted the importance of the U.S. market when he spoke to the Free Press and other news media outlets during this year's Detroit Auto Show. 'To us, the U.S. is the biggest market Stellantis has the privilege to operate in. It's the biggest priority,' he said at the time. Stellantis has faced pressure from another key stakeholder, the UAW, to boost production in the United States. The union has pointed to plant underutilization at facilities owned by Ford Motor Co., General Motors and Volkswagen as well, but held rallies targeting Stellantis facilities in metro Detroit this week. The union had previously threatened a national strike, saying Stellantis wasn't living up to its investment commitments in Belvidere, Illinois, and Detroit. But the union said earlier this year that with renewed commitments to operations in both cities by the company's new leadership, it was withdrawing its grievances. However, Kevin Gotinsky, head of the union's Stellantis department, said this week, according to Automotive News, that in regards to Belvidere, the automaker would only be moving forward with production of a midsize truck in 2027 and not the addition of a joint-venture battery plant and Mopar parts distribution facility as previously expected. The idled Belvidere Assembly Plant formerly produced the Jeep Cherokee. Contact Eric D. Lawrence: elawrence@ Become a subscriber. Submit a letter to the editor at This article originally appeared on Detroit Free Press: Reports: Stellantis COO Antonio Filosa for Americas tops CEO pool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
