Stellantis offsets the decline in North America with an increase in Europe
The automotive group is offsetting the decline in the North American market with growth in Europe and confirming its financial objectives for 2026.
In the third quarter, Stellantis, parent company of Peugeot, Fiat and Chrysler, recorded a turnover of 37.6 billion euros, up 1% year-on-year. The increase in volumes in Europe offsets the decline observed in North America, traditionally a key market for the automotive group.
The group, which has 14 brands, also reduced its quarterly net loss by 90%. This was weighed down last year by significant exceptional charges, due to the adjustment of its electrification strategy. Over the first nine months of the year, its net profit reached 217 million euros. Over the same period in 2025, it amounted to a net loss of 6.8 billion euros.
The group confirmed its financial objectives for the year 2026, according to a press release released on Wednesday. Managing Director Antonio Filosa, quoted in the press release, says the group is "on track to implement at least 40% annual efficiency gains, totaling €6 billion, by the end of the year. As a result, we reaffirm our financial outlook for 2026."
Machine-translated from French
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- Journal du Net28 Oct, 11:22
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