A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025.
Eva Marie Uzcategui | Bloomberg | Getty Images
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America as the company showed tentative signs of benefitting from CEO Antonio Filosa’s turnaround plan.
The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted second-quarter net profit of 293 million euros ($335.3 million), versus a loss of 1.87 billion euros a year earlier.
Adjusted operating income more than tripled in the second quarter to 773 million euros in the April to June period, from 213 million euros a year earlier. That was below an analyst consensus estimate from Reuters of 914 million euros, however.
Milan-listed shares of Stellantis fell sharply on the news. The stock plunged more than 8% after briefly failing to open on Thursday morning, before paring losses. It was last seen trading off by around 5%.
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