Stellantis CEO warns of billion-euro cost inflation through 2028

Stellantis expects billion-euro surcharges on raw materials, memory chips, PCBs (printed circuit boards) and semiconductors in 2027 — and probably 2028. CEO Antonio Filosa delivered the warning at the annual general assembly of Italian parts association Anfia in Milan, Reuters reported on 12 November.

"We know that in 2027, and probably also in 2028, we and our suppliers will have to deal with significant raw material inflation, as well as cost inflation linked to memory chips, PCBs and semiconductors," Filosa told the assembly.

A Stellantis spokesperson later told the news agency the comments applied to the group's overall cost base — a bill running to billions of euros annually. So the exposure isn't a single program. It's the group-wide purchasing footprint.

What does this change for suppliers?

Filosa's message to the tier chain was blunt: prepare for price pressure. Stellantis and its suppliers should brace for rising input costs on raw materials and electronic components across the next two model years. That's a negotiation signal as much as a forecast.

The CEO paired the warning with demands on policymakers. He called for greater competitiveness, public support on input costs — particularly energy — and more favourable industry regulation from Italian and EU authorities, including on carbon emissions rules.

Leapmotor EVs confirmed for Pomigliano

On the product side, Filosa confirmed Stellantis and its Chinese partner Leapmotor will jointly develop future "e-cars": low-cost EVs aimed at Europe's entry-level passenger-car market.

• Production site: Stellantis' Pomigliano plant in Italy
• Sales start: 2028
• Scope: joint development of electric and electronic solutions across Stellantis' European plants, including Italy

"Leapmotor and this partnership will help us at our European plants, including one in Italy, and will support the joint development of future electric and electronic solutions. E-cars is one of the areas on which we will work closely together," Filosa said.

That's a confirmed intention on timing and location, stated by the CEO on the record. Volumes weren't disclosed.

Brampton exit closes another chapter

The Milan remarks follow another portfolio move earlier this month. Stellantis signed an asset purchase agreement to sell its Brampton assembly plant in Ontario, Canada, along with related equipment, to Canadian defence technology company Roshel.

The disposal continues the group's plant rationalisation outside its European base, even as it commits new EV output to Pomigliano.

What to watch next

Three markers will tell whether the 2028 e-car plan is real: a Leapmotor platform announcement naming the vehicles, a stated annual capacity figure for Pomigliano, and any supplier sourcing decisions tied to the program. On the cost side, watch whether Stellantis formalises the inflation warning into renegotiated contracts with tier one and tier two suppliers — and whether the EU moves on energy cost relief ahead of the 2027 impact Filosa flagged.