Core Insights - Stellantis reported third-quarter revenue of €37.2 billion, a 13% year-over-year increase, marking the first revenue growth in seven quarters, indicating the effectiveness of reforms under new CEO Antonio Filosa [1][2] - The company issued a cost warning that overshadowed the positive quarterly performance, estimating the impact of U.S. tariff policies on 2025 to be around €1 billion ($1.2 billion), down from a previous estimate of €1 billion to €1.5 billion [1][3] Group 1: Revenue and Market Performance - The revenue growth was primarily driven by strong performance in the North American market, aligning with analyst expectations [2] - Filosa has focused on reversing sales declines in the U.S. market and addressing excess vehicle inventory among North American dealers, a key issue that led to the dismissal of former CEO Carlos Tavares [2] Group 2: Strategic Initiatives and Investments - Stellantis plans to invest $13 billion to increase production in the U.S. to counter the impact of tariffs [2] - The company has announced several bold initiatives, including recognizing billions in pre-tax expenses in the first half of the year and reintroducing popular models like the Jeep Cherokee SUV while continuing to advance its electrification strategy [2] Group 3: Financial Guidance and Cost Warnings - Stellantis reaffirmed its financial outlook for the second half of 2025, including revenue growth and improved cash flow, while maintaining low single-digit growth in adjusted operating profit margin [3] - The company warned of potential costs in the second half due to strategic adjustments, product planning changes, and warranty assessment process revisions, which will significantly impact operating profit [3] - The outlook is based on the assumption that there will be no disruptions or shortages in the current supply chain [3]

Core Viewpoint - Stellantis has issued a warning regarding one-off costs for the second half of the year, despite reaffirming its financial guidance and reporting positive third-quarter results [1][2][3]. Financial Performance - Stellantis reported net revenues of 37.2 billion euros ($43.2 billion) for the third quarter, marking a 13% year-on-year increase, primarily driven by growth in North American and European markets [3]. - Analysts had anticipated third-quarter net revenues to be around 36.58 billion euros, indicating that Stellantis exceeded expectations [4]. Strategic Actions - The company is implementing strategic changes to enhance customer choice and has seen positive sequential progress and solid year-over-year performance in Q3 [4]. - Stellantis announced a significant $13 billion investment in the U.S. to align its resources and support long-term profitable growth [5]. Market Reaction - Following the announcement of the one-off charges, Milan-listed shares of Stellantis fell by as much as 6%, later stabilizing to a 4.3% decrease, with the stock down over 25% year-to-date [3].

Core Viewpoint - Stellantis reported a 13% year-over-year increase in third-quarter revenue to €37.2 billion, marking the first rise in seven quarters, driven by strong performance in North America and Europe [1] Financial Performance - Third-quarter revenue reached €37.2 billion, aligning with expectations and reflecting a 13% increase compared to the previous year [1] - This is the first revenue growth in seven quarters for the company [1] Market Impact - Stellantis shares initially dropped over 5.7% in pre-market trading but later narrowed the decline to approximately 3.7%, trading at $10.8 [1] - The company has faced an estimated loss of about €1 billion due to U.S. tariff policies this year, previously anticipated to be between €1 billion and €1.5 billion [1] Future Outlook - The company reaffirmed its forecast for revenue and cash flow growth in the second half of the year, with adjusted operating profit margin expected to reach low single digits [1]

Core Insights - Stellantis N.V. is a significant entity in the global automotive sector, formed from the merger of Fiat Chrysler Automobiles and PSA Group, with a diverse brand portfolio including Peugeot, Citroën, and DS Automobiles [1] Financial Performance - On October 30, 2025, Stellantis reported an earnings per share (EPS) of -$0.91, missing the estimated EPS of $0.41, with a revenue of approximately $87.44 billion, slightly below the estimated $87.94 billion [2] - The company's price-to-sales ratio of 0.19 indicates a low market valuation of Stellantis' sales relative to its stock price, supported by an enterprise value to sales ratio of 0.26 [3] - Stellantis has an enterprise value to operating cash flow ratio of -12, indicating difficulties in generating positive cash flow from operations [3] - The earnings yield stands at -8.63%, reflecting the negative earnings situation, while the debt-to-equity ratio of 0.56 suggests a moderate level of debt relative to equity [4] - The current ratio of 1.06 indicates slightly more current assets than current liabilities, suggesting short-term financial stability [4] Supplier Relations - Stellantis recently held its fifth annual Supplier of the Year Ceremony in Paris, recognizing 54 global suppliers for their exceptional performance, attended by the Stellantis Leadership Team and over 200 global sourcing partners [5] - The event included presentations on Stellantis' future product strategies, highlighting the company's commitment to supplier relationships and future planning [5]

Core Insights - The automaker anticipates incurring charges in the second half of the year as it continues to implement changes to its strategic and product plan [1] Company Summary - The company is undergoing significant changes to its strategic and product plan, which will result in additional charges in the latter half of the year [1]

Core Insights - Stellantis reported a 13% year-on-year increase in revenues for Q3, marking its first top-line growth after seven quarters, indicating initial success of new CEO Antonio Filosa's turnaround efforts [1][2] - The company estimated an impact from U.S. tariff policies of around 1 billion euros ($1.2 billion) for 2025, a reduction from previous estimates [1] Financial Performance - Net revenues for Stellantis in the July-September period reached 37.2 billion euros, driven by strong performances in North America and Europe, aligning with analyst expectations [2] Strategic Focus - New CEO Antonio Filosa is focused on reversing sales decline in the U.S. and reducing excess vehicle inventories, which contributed to the previous CEO's ousting [3] - Stellantis plans to invest $13 billion to enhance production in the U.S. and counteract tariffs imposed by the previous administration [3] Operational Changes - Filosa has initiated significant changes, including booking billions in pre-tax charges, reintroducing popular models like the Jeep Cherokee SUV, and shifting focus back to hybrid and petrol vehicles after a previous emphasis on electrification [4] - By the end of Q3, Stellantis introduced six new models out of a planned ten for 2025, indicating ongoing commercial progress [4] Future Guidance - Stellantis confirmed its forecasts for increased net revenue and cash flow generation in the second half of 2025, along with a low-single digit adjusted operating income margin [5] - The company anticipates charges in the second half due to strategic and product plan changes, but these are not expected to affect forecasts, assuming no supply chain disruptions [5]

Core Viewpoint - The former CEO of Stellantis, Carlos Tavares, suggests that Chinese automakers will ultimately become the "saviors" of European factories and jobs, although this may lead to the accelerated demise of some European manufacturers [1][3]. Group 1: Challenges Facing European Automakers - European automakers are currently facing significant challenges, including strict emission regulations, fluctuating electrification policies, and global trade wars [3]. - Tavares highlights that many excellent opportunities are opening up for Chinese companies, which are seeking acquisition targets in Europe, including stakes in struggling firms and factories [3]. Group 2: Impact of EU Policies - Tavares criticizes the EU's decision to delay a €100 billion investment in automotive electrification and the ban on gasoline vehicles by 2035, labeling it a waste and "foolish" [4]. - He emphasizes that no one will hold the EU accountable for these delays, despite the significant implications for the automotive industry [4]. Group 3: Future of the Automotive Industry - Tavares predicts that only five to six automakers will survive globally, naming Toyota, Hyundai, and BYD as likely candidates, along with possibly another Chinese company like Geely [5]. - He expresses skepticism about the future of European companies like Volkswagen, stating they are unable to change their current situation, and predicts that Tesla may eventually be surpassed by Chinese manufacturers and could exit the automotive sector in the next decade [5].

The company said it plans to cut around 900 additional white-collar roles globally from a total of approximately 7,000 by the end of next year. ...

Core Insights - Automaker Stellantis reported a 13% year-on-year increase in revenues for the third quarter, reaching 37.2 billion euros ($43.4 billion) [1] Revenue Performance - The revenue growth was primarily driven by strong performance in Stellantis' main markets, specifically in North America and Europe [1]

Core Insights - Stellantis reported a 13% year-over-year increase in net revenues for Q3 2025, reaching €37.2 billion, driven by growth in North America, Enlarged Europe, and Middle East & Africa, while South America experienced a moderate decline [4][9] - Consolidated shipments totaled 1.3 million units, reflecting a 13% increase, with North America showing a significant 35% improvement due to normalized inventory dynamics [4][9] - The company announced a strategic investment of $13 billion in the U.S. over the next four years to enhance growth and manufacturing capabilities, marking the largest investment in its 100-year history in the U.S. [11][12] Financial Performance - Q3 2025 net revenues increased by €4.2 billion compared to Q3 2024, primarily due to higher sales volumes in key markets [4][9] - Year-to-date (YTD) combined shipments decreased by 2% to 4.024 million units, while consolidated shipments fell by 1% to 3.964 million units [3][4] - The company anticipates improved net revenues and industrial free cash flows in H2 2025 compared to H1 2025 [13] Regional Performance - North America saw a 29% increase in net revenues, driven by higher volumes in Jeep® Wrangler and Ram light-duty trucks, with shipments up 35% [17] - Enlarged Europe experienced an 8% increase in shipments, supported by new model introductions, while net revenues rose by 4% [18] - Middle East & Africa reported a 21% increase in consolidated shipments, with net revenues up 9% due to higher volumes in Algeria, Türkiye, and Egypt [19] Product Launches and Market Trends - By the end of Q3 2025, six out of ten planned new vehicle launches for 2025 were completed, with additional launches expected in Q4 [5] - Sales momentum in the U.S. improved with a 6% year-over-year increase in Q3 sales, achieving a market share of 8.7% in September, the highest in 15 months [6] - The company is focusing on reintroducing several volume nameplates and enhancing customer choice through strategic product changes [5][6] Strategic Initiatives - Stellantis is undertaking a review of its warranty estimation process, which may lead to changes in estimates and one-off charges in H2 2025 [14] - The leadership team has been strengthened with new appointments aimed at enhancing regional focus and driving long-term success [10]