Automobile – FaSTLAne 2030 by Stellantis and futurREAdy by Renault: cautious plans far from the old promises of Tavares, Ghosn and Luca De Meo
How careful! Antonio Filosa’s FaSTLAne 2030 Plan undeniably disappointed the stock market on Thursday, May 21, 2026, the day of its presentation in Auburn Hills (Michigan), the American headquarters of the group. Although this Friday the title rose very slightly at the opening. Logic. The goals set by the CEO of Stellantis are indeed very far from the amazing promises – never kept – of most strategic plans launched to attract investors!
The French-Italian-American group announced on Thursday evening (Paris time) wise operating margin target of only 7% by 2030. Not enough to make stock traders salivate at the generally slim prospects for earnings! With a turnover of 190 billion euros by 2030 compared to 154 billion in 2025, an expected increase of barely a quarter.
5 to 7% on the future of Renault
Goals that are not so far from goals… Renault ! Five-year plan futurREAdy presented last March François Provost, The CEO of the diamond group is also aiming for a prudent operating margin… between 5% and 7% turnover at the turn of the decade. Which also disappointed the stock market. And once again it turns out that the Renault plan is paradoxically almost more ambitious than the Stellantis plan! Because for Stellantis, the expected margins will be driven by activities considered more profitable in North America, a market where the diamond firm is absent!
North America today accounts for 40% of Stellantis’ volumes, and its CEO aims to increase sales by 35% by 2030. Antonio Filosa expects a margin of 8-10% across the Atlantic in this context! While, on the other hand, it banks in Europe with an extremely low operating margin of 3 to 5%.
Dare Forward 2030, failure…
The strategic plans of Antonio Filosa and François Provost are therefore very far from the pomp of the plans of the past years. Carlos Tavares in Stellantis, Carlos Ghosn Or Luca de Meo in the house Renault group ! After merger of PSA and FCA (Fiat Chrysler) if Carlos Tavares didn’t present a plan in 2022 Dare Forward 2030of crazy ambitions that directly bet on… doubling net turnover to 300 billion euros by 2030 and promised a double-digit operating margin throughout the plan?
The almighty CEO of Stellantis then certainly achieved exceptional margins (14.4% for the first half of 2023)! However, these great results were short-lived. And their gradual fall would lead to forced resignation of Carlos Tavares in December 2024. Stellantis actually reported a negative margin of -0.5% last year!
…Like Renaulution
At Renault, Carlos Ghosn’s latest plan, Control the future (2017-2022) expected a long-term margin of more than 7%. But the CEO who was also the president Nissan AND Mitsubishi Motor Corporation he hardly saw the result of his plan, for he was arrested in Tokyo a year after his initiation, and consequently forced to resign. As for the plan Renewal his successor, Luca de Meo, was as optimistic as Carlos Tavares’s Dare Forward 2030.
The fiery Italian predicted an 8% margin in 2025, more than 10% in 2030. Renault’s results were certainly respectable (6.3%) last year, but they still fell well short of the somewhat delusional targets of the former CEO, who left Renault for luxury group Kering last July.
Geopolitical risks
The successive failures of all these plans can certainly be explained by unforeseen difficulties, geopolitical or linked to political decisions about cars, such as the forced electrification ordered by Brussels, which opened the doors of Europe to the Chinese. But shouldn’t plans, to be credible, take into account possible risks? Antonio Filosa as François Provost thus chose realistic goals. The predictions of FaSTLAne 2030 Stellantis and Renault’s futurREAdy plans can even be called today… ambitious enough in light of the current challenges and the average results of the world’s car manufacturers last year!
Didn’t Stellantis, which lost a market capitalization of 60 billion euros in two years, itself record a net loss of 22.3 billion last year? Historic loss in the sector. This abysmal result is certainly partially artificial, as it is undoubtedly overstated due to extraordinary charges of €25.4 billion. Still. The revival of the Franco-Italian-American group, if successful, will necessarily be long. No offense to investors.
