A 2026 Ram 1500 pickup truck. (Seongjoon Cho/Bloomberg)
key takeaways:
- Stellantis reported on July 13 that shipments rose 10% to nearly 1.6 million vehicles in the second quarter due to strong growth in North America.
- The growth was boosted by a 38% increase in North American shipments and a modest 5% increase in Europe, despite weak investor sentiment and stock downgrades.
- The automaker is set to release full second-quarter results on July 30 as it pushes ahead with a €60 billion turnaround plan focused on key brands and global partnerships.
Stellantis NV’s shipments rose 10% in the second quarter due to growth in North America, as the maker of Jeep sport utility vehicles and Ram pickup trucks pushes a turnaround plan.
Stellantis said on July 13 that the manufacturer delivered an estimated 1.6 million vehicles to dealers, distributors or directly to retail and fleet customers.
Shipments in North America rose 38% as the automaker brought back models like the Ram 1500 pickup truck with the Hemi V8 engine. In Europe, they rose 5%, which also included figures from the company’s joint venture with China’s Zhejiang Leapmotor Technology Co.
CEO Antonio Filosa presented his turnaround plan for Stellantis in May, which includes spending 60 billion euros ($68.4 billion) through 2030 to introduce dozens of new models. The group will prioritize Jeep, RAM, Peugeot and Fiat brands. At the same time, it is betting on partnerships with Leapmotor and Dongfeng Motor Corp to help fill some of its plants in Europe.
Despite the efforts, Stellantis shares have lost more than a quarter of their value since Filosa presented the new plan. JPMorgan and HSBC analysts downgraded the stock this month, citing issues including rising inventories in the US.
The group will present detailed second quarter results on July 30.
