[Stay on top of transportation news: Get TTNews in your inbox.]
Stellantis shipments climb 10% on growth in North America
Shipments in North America jumped 38% as the automaker brought back popular models
A 2026 Ram 1500 pickup truck. (SeongJoon Cho/Bloomberg)
Key Takeaways:
- Stellantis reported July 13 that second-quarter shipments rose 10% to about 1.6 million vehicles, driven by strong growth in North America.
- The increase was fueled by a 38% jump in North American shipments and modest 5% growth in Europe, despite weak investor sentiment and stock downgrades.
- The automaker is set to release full second-quarter results July 30 as it advances a €60 billion turnaround plan focused on key brands and global partnerships.
Stellantis NV’s shipments climbed 10% in the second quarter fueled by growth in North America, as the maker of Jeep sport utility vehicles and Ram pickup trucks pushes on with a turnaround plan.
The manufacturer delivered an estimated 1.6 million vehicles to dealers, distributors, or directly to retail and fleet customers, Stellantis said July 13.
Shipments in North America jumped 38% as the automaker brought back models such as the Ram 1500 pickup truck with a Hemi V8 engine. In Europe, they rose 5%, with the company also including figures from its joint venture with China’s Zhejiang Leapmotor Technology Co.
CEO Antonio Filosa in May presented his turnaround plan for Stellantis, which involves spending 60 billion euros ($68.4 billion) through 2030 to introduce dozens of new models. The group will prioritize the Jeep, Ram, Peugeot and Fiat brands. At the same time, it’s betting on partnerships with Leapmotor and Dongfeng Motor Corp. to help fill up 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 is due to present detailed second-quarter results on July 30.
