Stellantis N.V. (NYSE:STLA) is one of the best cheap stocks to buy under $20. Reuters reported on April 24 that, according to sources, Stellantis N.V. (NYSE:STLA) is to focus funding on core car brands with the CEO driving turnaround, adding that the company will direct a majority of its investment on its core Jeep, Ram, Peugeot, and Fiat brands. This is set to take place under CEO Antonio Filosa’s strategic plan, due to be announced in May, along with a “material increase” to their funding.
While Stellantis N.V. did not directly comment on the planned reorganization, it told Reuters that the company’s brands were its strength and stressed its mix of “global scale with deep local roots”.
For additional perspective, in its full-year 2025 financial results, Stellantis N.V. reported net revenues of €153.5 billion, down 2% compared to 2024, attributed primarily to FX headwinds and also from H1 2025 net pricing declines. The company also reported a net loss of €22.3 billion due to €25.4 billion of full-year unusual charges.
Stellantis N.V. designs, manufactures, distributes, and sells vehicles. The company offers products under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall.
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