BRIEF-Stellantis will exceed cost saving target for 2028, CFO says

Oct 28 (Reuters) - Stellantis STLAM.MI top executives tell analysts in a post-earnings call:

• CEO: ON TRACK TO REALIZE MORE THAN 2.4 BILLION EUROS IN COST SAVINGS IN 2027

• CEO: TIMELY ACTION ON CO2 FLEXIBILITY AND MADE IN EUROPE FRAMEWORK ESSENTIAL FOR LEVEL PLAYING FIELD

• CFO: CAPEX TO REPRESENT 6.5% OF NET REVENUES IN 2026

• CEO: OUTLOOK ASSUMES NO PRODUCTION DISRUPTIONS IN CANADA DURING ONGOING LABOR NEGOTIATIONS WITH UNIFOR

• CFO: THE 6 BILLION EUROS RUN RATE SAVINGS SEEN FOR 2028 AND BEYOND WILL BE EXCEEDED

• CEO: WE FIRMLY BELIEVE THAT A DEAL ON 'MADE IN EUROPE' IS CLOSE AFTER FRENCH-GERMAN AGREEMENT

Further company coverage: STLAM.MI

(Reporting by Milan Newsroom)