Stellantis: Q3 sales up, net loss narrowed
The volume rise in Europe offsets a decline in North America, the traditional key market for the automotive group, parent of Peugeot, Fiat and Chrysler.
Stellantis, parent company of Peugeot, Fiat and Chrysler, saw its sales increase by 1% year-on-year in the third quarter, to 37.6 billion euros over the July-September period, with the increase in volumes in Europe helping to offset a decline in North America, its traditional key market. According to its press release released on Wednesday October 28, the giant with 14 brands also reduced its net loss by 90% over the quarter - weighed down last year by heavy exceptional charges linked to the correction of its electrification strategy. » READ ALSO - Yvelines: a Stellantis worker seriously injured after several hours stuck under a hydraulic press A net profit of 217 million euros Over the first nine months of the year, it posted a net profit of 217 million euros, compared to a net loss of 6.8 billion euros over the same period in 2025.
Satisfied with the implementation of its recovery and cost reduction plan, 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 that the group is “on track to implement at least 40% annual efficiency gains, totaling €6 billion, by the end of the year. Consequently, we reaffirm our financial outlook for 2026.”
Machine-translated from French
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- Le Figaro28 Oct, 09:23
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
| Total | 78 |
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