Stellantis(US:STLA) Zhi Tong Cai Jing·2025-10-30 09:24Core 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]