Business
Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025.
Daniele Mascolo | Reuters
DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines.
Filosa has been undertaking a turnaround plan since he was named CEO in May. So far, his plans have included prioritizing the company’s Jeep and Ram brands in the U.S. as well as undoing many decisions his predecessor Carlos Tavares made to focus on all-electric vehicles.
“The strategy that we have in front of us is a strong one and will lead us to growth if we execute well,” he told reporters Wednesday during the Detroit Auto Show. “So, I believe it’s a year of execution.”
Filosa, wearing a Jeep vest over a white button-down shirt, said this year is a “first step” in remaking the company, which was formed five years ago through a merger of Fiat Chrysler and French automaker PSA Groupe.
He declined to discuss specifics, adding that his executive team will lay out a detailed future strategy for the automaker at a capital markets day in the first half of this year.
Filosa did not rule out the possibility of regionally refocusing or shrinking the company’s vast portfolio of brands that also include Italian nameplates Fiat and Alfa Romeo, which have not performed well domestically.
Filosa said he does believe that the company wants “to stay together” following some Wall Street speculation in recent years that it would be better to sell off assets or brands.
“We are building a culture,” Filosa said.
Filosa said the next step in the company’s plans will come next week during a meeting with more than 200 company executives that will focus on the company’s capital markets day as well as company culture and 2026 execution.
“We are a global company with strong regional roots,” Filosa said, referring to one of three guiding cultural principles he’s attempting to instill in the company. The others are being customer focused and working together.
Stellantis’ global sales under Tavares fell 12.3% from 6.5 million in 2021 — the year the company was formed — to 5.7 million in 2024. That included a roughly 27% collapse in the U.S. in that period to 1.3 million vehicles sold. The automaker dropped from fourth in U.S. sales to sixth, falling from an 11.6% market share to 8% during that time frame.
Business
US-Iran War: India Has Over 50 Days Of Crude Oil Stocks, In ‘Comfortable Position’: Report
Last Updated:
The Indian government has over 50 days of crude oil stocks and is in a ‘comfortable position’. They remain cautiously optimistic about diversification.

Crude Oil
US-Iran War: The Indian government has confirmed that the country has over 50 days of crude oil stocks and is in a ‘comfortable position’, according to a Moneycontrol report.
The MC report added that the government continues to be cautiously optimistic that it is capable of taking domestic steps and diversifying as the need arises.
The government’s comment plays down any concern arising over India’s energy security in crude oil amid the rising tension in the Middle East and complete closure of the Strait of Hormuz.
Global crude shipments moving through the Strait of Hormuz have nearly ground to a halt, disrupting close to 86% of the usual east–west oil traffic and rattling energy markets worldwide.
According to maritime intelligence firms Windward and Kpler, the strategic chokepoint remains technically open, but vessel movement has slowed to a fraction of normal levels. On March 1, just three oil tankers transporting a combined 2.8 million barrels transited the strait — a steep 86% drop compared to the 2026 daily average of 19.8 million barrels.
By early March 2, activity had thinned further, with only one small tanker and a single cargo vessel recorded moving through the primary shipping lanes, underscoring the scale of the disruption.
Brent curde oil futures were also trading over USD 80 per barrel for the past two days, with anticipation to rise in three digit soon.
India is highly dependent on other countries for its crude oil requirements, with imports accounting for around 88–90 per cent of total demand. In 2024, India surpassed China as the world’s largest oil demand driver, driven by rising fuel consumption, particularly in transportation.
So, what happens if there is a large-scale disruption in crude oil supply? Is India prepared to handle such a situation, and for how long?
India has a dedicated special purpose vehicle called Indian Strategic Petroleum Reserves Limited (ISPRL), which is responsible for maintaining petroleum reserves for such emergencies.
The Government of India decided to establish 5 million metric tonnes (MMT) of strategic crude oil storage across three locations.
ISPRL functions under the Ministry of Petroleum and Natural Gas, and the project was executed by Engineers India Limited (EIL). The strategic reserves are situated in Visakhapatnam, Mangalore, and Padur (near Udupi).
These crude oil storages are built in underground rock caverns along both the eastern and western coasts of India. Crude oil from these caverns can be supplied to Indian refineries through pipelines or a combination of pipelines and coastal transport.
Underground rock caverns are considered one of the safest methods for storing hydrocarbons.
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March 03, 2026, 16:14 IST
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