Stellantis N.V. CEO Antonio Filosa announced that the company will make hybrid powertrains the centerpiece of its U.S. strategy, a shift that follows a 13% year‑over‑year rise in Q3 2025 revenue to €37.2 billion and a rebound in U.S. market share from 7% in the first half of 2025 to 8% in the third quarter. The move is intended to capture the growing demand for fuel‑efficient vehicles while maintaining higher‑margin, lower‑cost options for a broad customer base.
The hybrid focus comes after Stellantis’ Q3 2025 earnings beat analyst consensus by €0.21 per share, driven by strong demand for the Jeep Cherokee hybrid and a resurgence of the Ram truck’s HEMI V8 engine, which saw 10,000 orders on launch day and 50,000 within six weeks. In contrast, the company’s first‑half revenue fell 13% and industrial free cash flow was negative €3.0 billion, prompting a suspension of 2025 guidance in May and a re‑affirmation of H2 2025 targets in October.
Filosa emphasized that “hybrid is going to be one of the favorite powertrains in the U.S.” and that the company has “listened to the market” after earlier over‑optimistic EV adoption forecasts. He highlighted the mix improvement and volume opportunity presented by the HEMI V8 return, underscoring a broader multi‑energy strategy that balances gasoline, hybrid, and electric vehicles under the “Dare Forward 2030” framework.
The company’s U.S. investment program, totaling $13 billion over four years, is designed to support this shift by expanding manufacturing capacity for hybrid platforms and reinforcing brand presence. The strategy also aligns with regulatory developments, including recent discussions with U.S. officials about potential reductions in fuel‑economy standards that could ease the pressure to transition exclusively to EVs.
Stellantis’ pivot reflects a broader industry trend, with rivals Ford and General Motors also scaling back aggressive EV plans amid weak consumer demand. By prioritizing hybrids, Stellantis aims to reverse U.S. market share losses, improve profitability through higher‑margin powertrains, and position itself for a more balanced, resilient growth trajectory.
The announcement signals a significant change in Stellantis’ U.S. strategy, potentially reshaping its product roadmap, financial outlook, and competitive positioning in a market where consumer preferences and regulatory environments are evolving rapidly.
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