MILAN (AP) — Stellantis reported a noteworthy 13% increase in net revenues for the third quarter, reaching 37.2 billion euros on Thursday. This financial report marks the end of seven consecutive quarters of decline, primarily driven by strong results in North America. The resurgence comes under the leadership of new CEO Antonio Filosa, signaling early signs of a turnaround for the world's fourth-largest car manufacturer.
The Italian-Franco-U.S. automaker, known for producing Jeep, Fiat, and Peugeot vehicles, reported that vehicle shipments rose by 13%, totaling 1.3 million units. The significant rebound was notably driven by North American markets, where Stellantis relaunched the much-anticipated HEMI V-8-powered RAM 1500 in September, a move that had been previously halted by past management. Nearly 70% of the 152,000 new vehicles shipped were from North America, predominantly from its Jeep, Ram, Chrysler, and Dodge brands.
In a further demonstration of its revitalized strategy, Stellantis has rolled out six new models in the first nine months of 2025, with plans for an additional four before the year concludes. This extensive product launch reflects the company's commitment to meeting consumer demands and enhancing its market offerings.
CEO Antonio Filosa, who assumed leadership in June, expressed optimism regarding the company's trajectory, labeling the financial outcomes as "encouraging." In a statement, Filosa noted, "As we continue to implement important strategic changes in order to provide our customers with greater freedom of choice, we have seen positive sequential progress and solid year-over-year performance in Q3, marked by the return of top-line growth."
Stellantis experienced a 6% rise in U.S. car sales during this period, achieving a market share of 8.7%, marking a 15-month high in the competitive automotive landscape. Globally, vehicle sales increased by 4%, with gains recorded across Europe, the Middle East, and Africa. However, while net revenues in Europe grew by 4%, market share dipped to 15.4% due to market declines in key regions, particularly France and Italy.
Filosa’s swift actions come in response to disappointing results for 2024, which ultimately led to the ousting of former CEO Carlos Tavares. Under the new leadership, Stellantis is focusing on rejuvenating its offerings by relaunching vehicles that had been previously discontinued, striving to align more closely with U.S. consumer demands. Furthermore, strategic management changes have been enacted, including the appointment of Emanuele Cappellano as head of Europe and European brands. A comprehensive new business plan is anticipated to be revealed next year.
Earlier this month, Stellantis announced significant plans for investment, detailing a $13 billion financial commitment over four years aimed at expanding its manufacturing footprint in the U.S. This initiative is projected to boost vehicle production by 50% and create approximately 5,000 jobs, serving as a buffer against potential tariffs imposed by U.S. President Donald Trump.
Stellantis has recently updated its estimate regarding the financial impact of tariffs for this year, adjusting the figure to 1 billion euros from an earlier estimate of 1.5 billion euros, indicating a strategic attempt to navigate the challenges posed by increased trade regulations.
