Happy Friday. If you’re looking for a book for the long weekend, JPMorgan has some ideas.

Stock futures are higher before the bell. All three major indexes posted a winning day yesterday and are on track for a positive week.

Here are five key things investors need to know to start the trading day:

DETROIT — Five years after the transatlantic automaker Stellantis was formed through a merger, the business hasn’t necessarily panned out as investors hoped.

U.S. shares of the company — created through a $52 billion combination of Italian American automaker Fiat Chrysler and France-based Groupe PSA on Jan. 16, 2021 — are down roughly 43% in the past five years. Italian-listed shares also are off roughly 40%.

Since the combined company’s stock debuted on the New York Stock Exchange on Jan. 19, 2021, days after the merger was completed, shares of the automaker were largely in the black — up as high as 74% in March 2024 — until Stellantis reported troubling financial results that year amid cost-cutting efforts meant to support higher profits and its multibillion-dollar push into electric vehicles.

Many of those plans are being altered or eliminated under new Stellantis CEO Antonio Filosa, who succeeded Carlos Tavares last summer. Tavares, a longtime automotive executive, was largely credited with forming the company, but abruptly left Stellantis in December 2024.

Filosa is executing a sales turnaround plan for the automaker and is particularly focused on its Jeep and Ram brands regaining U.S. market share following yearslong sales declines.

“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 did not rule out the possibility of regionally refocusing or shrinking the company’s vast portfolio of brands that also includes Italian nameplates Fiat and Alfa Romeo, which have not performed well domestically.

He said he believes the company should “stay together” following some speculation, including from Tavares, that it would be better to sell off assets or brands.

Filosa said the next step in the company’s plans will come during a meeting this month with more than 200 company executives that will focus on an upcoming capital markets day as well as company culture and 2026 execution.

Investors have been eager to hear a new strategy for Stellantis after Tavares’ exit. He left amid troubling sales and financial results as the company strived to achieve 10% or greater profit margins and doubling net revenues under his “Dare Forward 2030” business plan.

U.S. shares of Stellantis since Filosa began as CEO on June 23 are up 2%. They closed Friday at $9.60 per share, down 4.2%.

Filosa this week declined to discuss the company’s past mistakes, but company executives previously told CNBC that Tavares’ fixation on cost reductions and profits hurt business, as well as the company’s products, employees and relationships with suppliers, unions and dealers.

Filosa has spent much of his time attempting to repair those bonds, especially with the company’s distraught U.S. franchised retailers. He’s also approved drastic changes to the company’s product plans, including reducing prices and reprioritizing products away from electrified vehicles.

“In the six months, I see the changes that we will make we need to make to create the bright future that we need,” he said regarding his tenure thus far as CEO.

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.

DETROIT — General Motors on Monday reported a 5.5% increase in its annual U.S. sales in 2025, despite a 6.9% decrease during the fourth quarter.

The Detroit automaker’s results were driven last year by incremental sales of EVs as well as gains in large SUVs and entry-level vehicles such as the Buick Envista.

GM’s 2025 sales are expected to be among the standouts for the U.S. automotive industry, which Cox Automotive expects to have risen about 2% to 16.3 million units compared with 2024.

GM is among a handful of automakers to report U.S. sales gains for 2025. Others include Toyota Motor‘s sales being up 8%; Hyundai and Kia each achieving third consecutive years of record sales with 8.4% and 7% increases, respectively; and Honda Motor up 0.5%.

Chrysler parent Stellantis was down 3.3% as it executes a U.S. turnaround plan. Notably, Stellantis’ Jeep brand — which was up less than 1% last year — achieved its first U.S. annual sales gain since 2018.

“With consecutive quarterly sales increases and market share growth, it’s clear that we are taking the right steps to reset our business in the U.S.,” Jeff Kommor, head of Stellantis U.S. retail sales, said in a release. “There is still work to do, but we made progress this year with a diversified powertrain lineup.”

GM, meanwhile, retained its position as the largest seller of vehicles in the U.S. It’s held that title for decades, aside from Toyota outselling the American automaker for one year amid major supply chain disruptions in 2021.

GM sold more than 2.85 million vehicles last year in the U.S, including roughly 703,000 during the fourth quarter. That compares to Toyota at 2.52 million U.S. sales in 2025.

“Demand for our brands and products is strong at every price point, and we are well-positioned to build on this momentum in the year ahead,” GM President of North America Duncan Aldred said in a statement.

Aside from the U.S. sales crown, GM said it grew U.S. market share by half a percentage point, to 17%, and increased EV sales by 48% to become the country’s No. 2 seller of all-electric vehicles behind Tesla.

DETROIT — Stellantis is resurrecting a V-8-powered Ram pickup truck called the TRX as the company faces fewer federal emissions regulations and enacts a U.S. sales turnaround plan for its brands.

The automaker said Thursday that the 2027 Ram 1500 SRT TRX will be available late in 2026 for around $100,000. It was first produced for the 2021-2024 model years before being canceled as the company de-emphasized V-8 engines.

The TRX is powered by a supercharged 6.2-liter “Hellcat” gas engine capable of 777 horsepower and 680 foot-pounds of torque. The automaker is calling it the “fastest and most powerful production gas pickup truck in the world,” capable of 0–60 mph in 3.5 seconds and a top speed of 118 mph.

“We had to push it to the next level,” Ram CEO Tim Kuniskis said during a recent media event. “We’re super happy about this one coming back.”

Despite relatively low sales in the past due to the vehicle’s price, the TRX is viewed as a “halo” model for the brand, or a high-end vehicle that brings attention to Ram and potentially boosts sales for other models. It’s been a successful strategy for Kuniskis, especially with the company’s SRT performance vehicles.

The return of the TRX is the latest move for the brand under Kuniskis, who has been leading a turnaround plan since unretiring from the automaker a year ago.

Kuniskis aims to make more than 25 announcements through next year. Thus far they have included returning to NASCAR with mechanical bull rides and a new race truck, resurrecting Hemi V-8 engines with a new “Symbol of Protest,” and killing a long-promised battery-electric version of its 1500 truck.

The 2027 Ram 1500 SRT TRX will start at $99,995, excluding a mandatory $2,595 destination fee that bumps the price to $102,590. The initial TRX started at $71,690 in 2020, including destination.

Ram on Thursday also announced a new 6.7-liter Cummins high-output turbo diesel engine for its 2027 Ram Power Wagon heavy-duty truck with 430 horsepower and 1,075 foot-pounds of torque.

That could be more difficult than it has been in the past, as auto forecasters such as Cox expect relatively flat or even falling auto sales in 2026. That means the automaker will have to conquest buyers from other brands.

“It’s still a strong industry, so as long as we get our piece of it, we’ll be OK,” Kuniskis said.

AUBURN HILLS, Mich. — Ram CEO Tim Kuniskis reemerged from a seven-month retirement late last year saying he “missed the fight” and admitting the Stellantis brand was getting smashed in the marketplace by its competition.

Kuniskis walked on stage during a media event as the speakers blared Detroit rapper Eminem singing “Guess who’s back, back again.” He promised an aggressive turnaround for the embattled truck brand that is now getting underway and will extend through 2026.

The plan includes more than 25 announcements through next year. Thus far they have included a return to NASCAR with mechanical bull rides and a new race truck, the resurrection of Hemi V-8 engines with a new “Symbol of Protest,” and, most recently, a new industry-leading powertrain warranty for its Ram products.

Since returning after a CEO shake-up, Kuniskis is invigorated. He’s “flying without a parachute,” as he recently described it, while playing with borrowed time and house money since his unretirement. He’s going all in to launch a renaissance of Ram, which has experienced a 38% sales decline since its record year back in 2019.

“I have perfect clarity of my return because, after I left and had a chance to rest, I realized I didn’t need to leave, I just needed a break. Then I was itching to come back,” Kuniskis told CNBC during a recent interview in his relatively undecorated office. (He gave many of his career keepsakes away when he retired.) “We have a window of opportunity here to fix a lot of stuff, and some people are stressed out by that opportunity, and some people are fueled by it. Luckily, our team is fueled by it.”

Kuniskis, who was leading Ram and Dodge upon his retirement mid-last year, said an array of issues led to the brand’s current situation, including the automaker’s pricing, model launch cadence and, most importantly, problems with a redesign of its Ram 1500. That redesign led to production issues that are still being worked out more than a year after the vehicle’s launch.

“We tried to do too many things at once,” Kuniskis said of the Ram 1500. “We literally changed everything instead of doing a cadence of the changes.”

Kuniskis didn’t touch on the larger issues Stellantis was dealing with under former Stellantis CEO Carlos Tavares, who left the automaker in December. Kuniskis was recruited back to Ram amid the change in leadership.