Stellantis Weighs Full Exit from Comau as Focus Shifts to EVs and Core Brands

Stellantis NV is reportedly considering a full exit from Comau, the Italian industrial automation company it partially sold last year to US private equity firm One Equity Partners according to a report in . The potential deal could see One Equity Partners gain complete control of Comau, according to a report in Corriere della Sera. While no specific timeline was provided, the automaker holds the right to sell its remaining 49.9% stake in 2027, creating a window for the transaction.

The strategic move comes as Stellantis continues to reposition itself in the global automotive market. The company has been focused on restructuring its portfolio and refocusing on high-margin brands like Jeep and Ram, which are central to its North American turnaround. At the same time, it is exploring a more flexible approach to electrification and automation investments.

Separately, Stellantis is making major strides in its electric vehicle (EV) lineup, with the highly anticipated Jeep Recon set to launch in 2026. The all-electric, trail-rated SUV is positioned as a first-of-its-kind offering in the off-road segment and will carry a starting price of $65,000 according to USA Today. The Recon represents a bold step in Jeep's electrification strategy and is expected to strengthen the brand's appeal among off-road enthusiasts.

Strategic Shifts and Market Response

The reported exit from Comau aligns with Stellantis's broader strategy of focusing on core automotive operations while offloading non-core assets. The company has been gradually divesting or restructuring investments in areas such as automation and supplier partnerships to streamline operations and reduce complexity.

Investors have been watching closely as Stellantis navigates a challenging market environment. The company reported a significant rebound in the third quarter of 2025, driven by improved North American sales and shipments. This marked a turnaround from a difficult first half of the year, where the company posted a net loss. The resurgence has been attributed to strategic product reintroductions, such as the hybrid Jeep Cherokee and V-8-powered Ram trucks, which have resonated well with customers according to MarketBeat.

Policy and Industry Challenges

Amid its operational restructuring, Stellantis is also pushing back against the European Union's proposed 2035 ban on internal combustion engine (ICE) vehicles. The company has called for a more flexible and industry-friendly approach, arguing that the rapid transition could harm the sector and disrupt its long-term sustainability. Stellantis's CEO, Antonio Filosa, has emphasized the importance of maintaining a balanced path that includes hybrid and alternative-fuel technologies during the transition to full electrification according to The Newswheel.

The company's stance has sparked debate across the industry, with other major automakers like BMW and Mercedes-Benz echoing similar concerns. The EU's emissions targets and the push for a full EV transition are seen as ambitious and potentially disruptive, especially in markets where EV adoption remains limited.

What This Means for Investors

For investors, Stellantis presents a compelling case as it works through a strategic turnaround. The company's stock currently trades at a significant discount to its intrinsic value and industry peers, with a price-to-sales ratio of just 0.18 and a price-to-book ratio of 0.34 according to MarketBeat. Analysts remain divided on the company's future, with a consensus rating of "Hold" and a target price of $12.04.

Stellantis's aggressive investment in U.S. manufacturing and its pivot toward customer-focused product strategies are seen as key factors in its potential recovery. However, the company must continue to navigate operational challenges, including recalls and regulatory pressures, while maintaining its push for innovation in the EV space.

The company's recent move to join Tesla's North American Charging System (NACS) also signals a broader shift in its infrastructure strategy, potentially enhancing the appeal of its EV offerings in the U.S. and Canadian markets. With production for the Jeep Recon already underway in Mexico, Stellantis is moving quickly to bring high-profile electric models to market.