Stellantis looks to North America for its rebound as vehicle shipments jump 35% in Q3

Core Insights - Stellantis' U.S. vehicle sales increased by 6% year-over-year in Q3, totaling 324,825 units, with notable gains in Jeep Wrangler, Gladiator, and Wagoneer models [3] - The company's net revenue in North America rose by 29% year-over-year to 1.6 billion euros ($1.8 billion) [3] - Stellantis' consolidated shipments globally grew by 152,000 vehicles year-over-year in Q3 [4] Sales Performance - The Middle East and Africa region experienced the second-largest sales growth for Stellantis in Q3, with a 21% year-over-year increase attributed to positive market conditions in Turkey and Egypt [4] - The U.S. market saw the most significant increase in deliveries, with consolidated shipments rising by 35% year-over-year, equating to an additional 104,000 units [7] Revenue and Financials - Stellantis reported a net revenue of 37.2 billion euros ($42.9 billion) in Q3, marking a 13% year-over-year increase, driven by sales growth in key markets [7] - The commercial business segment accounted for 30% of Stellantis' revenues in Q3 [4] Future Outlook - The company is optimistic about the new Jeep Cherokee, which is expected to enhance its U.S. market share, as the mid-sized SUV segment represents 20% of the market [5] - Stellantis plans to introduce a new hybrid powertrain for the Jeep Cherokee, with availability expected in late Q4 or early 2026 [6] - A strategic investment of $13 billion over four years has been announced to expand U.S. manufacturing and increase domestic vehicle production by 50%, creating over 5,000 new jobs [6]