Stellantis CEO calls for EU incentives to boost local car production

by@CNBC

Summary

Stellantis CEO Antonio Filosa has called for European regulators to implement stronger incentives for carmakers manufacturing in Europe, highlighting the growing competition from Chinese automakers who have increased their market share significantly. In an interview ahead of the Paris Motor Show, Filosa emphasized the need for a level playing field through regulations like the proposed "Made in Europe" legislation, which aims to establish minimum local content requirements for car sales in the region. This call comes as Stellantis grapples with a $70 billion turnaround strategy amidst declining sales and a nearly 60% drop in share value this year, while Chinese car brands have rapidly increased their global auto sales share, now reaching 12% in Europe as of August 2026.

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Analysis

Stellantis: Stellantis is a global automotive manufacturer that produces vehicles under brands including Jeep and Ram. The company is currently navigating competitive pressures in Europe from Chinese automakers and advancing its operational strategy under leadership that began in 2025. In the reported development, Stellantis CEO Antonio Filosa is advocating for EU policies that reward local manufacturing to help the firm compete effectively. Antonio Filosa: Antonio Filosa serves as CEO of Stellantis, having taken the role in 2025. He recently discussed the company's challenges with declining sales and the need for regulatory support during an interview ahead of the Paris Motor Show. Filosa emphasized creating a level playing field through incentives for European production. Charlotte Reed: Charlotte Reed is a CNBC journalist who conducted an interview with Stellantis CEO Antonio Filosa ahead of the Paris Motor Show. The discussion focused on European regulatory incentives and competition from Chinese automakers in the automotive sector. Maroš Sefčovič: Maroš Sefčovič is the European trade commissioner involved in EU-China trade discussions. He announced that China has agreed to reduce its exports of hybrid cars to the European bloc. This development is seen as easing some competitive tensions for European carmakers including Stellantis. EU Legislation: The EU Commission has proposed Made in Europe rules requiring carmakers to meet minimum local content requirements to sell vehicles in the regional market. Market Dynamics: Chinese automakers are expanding their presence in Europe while offering competitive technology and pricing across multiple vehicle segments. Trade Agreement: China has agreed to halve its exports of hybrid cars to the European Union following negotiations led by EU trade officials.

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