“Nothing can be fixed overnight, but I would like to highlight three items that are our top three priorities. First, market coverage:. Discontinued products from 2021-2025 led to a reduction in our market share, both in North America and in Europe. You have seen early progress in our market share gains this year. FaSTLAne 2030 reinvigorates the product portfolio, getting us to around 90% market coverage in both regions, representing a huge opportunity for growth,” said Filosa on the earnings call today.

“Second challenge, industrial cost: We have improved significantly in the past year, and this remains a big opportunity to drive our financial performance. In FaSTLAne, Vehicle Cost Production will deliver €6 billion of annual run rate cost reductions by 2028. We are making strong initial progress on VCP, and we are on track to implement 40% of the initiatives by the end of this year. This means that in 2027, we expect to enjoy €2.4 billion of AOI benefits, plus the partial benefits of the initiatives we implement in 2027.

“Finally, quality. Our execution on quality in the past was not what it needed to be, but we have come a long way already in the last year. Quality has improved significantly by 38% in North America and by 24% in Europe. FaSTLAne 2030 is giving the quality organization the focus and the resources they need to be in the top quartile in all regions and segments where we compete by 2028. It will take time to fully capitalize on these opportunities, but it is a time frame that is fully embedded in our 2026 guidance, in our expectation of positive industrial free cash flow in 2027, and in our 2028 FaSTLAne targets. The road is long, but we are moving in the right direction with the right priorities and with the right pace,” claimed Filosa.