Stellantis and Lucid implement automotive turnaround strategies

Stellantis and Lucid are currently undergoing significant business transformations within the automotive sector. Stellantis CEO Antonio Filosa has reaffirmed the company’s 2026 financial guidance, targeting mid-single-digit revenue growth and a low-single-digit adjusted operating margin. This commitment comes as the company faces declining sales and share prices hitting new lows while implementing a turnaround strategy focused on new vehicle launches and operational improvements.

Lucid is also executing a restructuring plan to improve its executive structure and customer experience. CEO Silvio Napoli stated the company is focusing on a $1.4 billion cash flow improvement plan and the advancement of its Robotaxi, AMP-2, and Midsize programs. Lucid is working with restructuring consultant AlixPartners to convert its electric vehicle technology into shareholder value and aims to reduce customer wait times by one-third this year.