Core Insights - Stellantis reported estimated consolidated shipments of 1.5 million units for Q4 2025, marking a 9% year-over-year increase [2][3] - The growth was primarily driven by a significant 43% increase in North America, with additional growth in South America, the Middle East & Africa, and China, India & Asia Pacific [2][6] Shipment Performance - Consolidated shipments for Q4 2025 were 1,520 thousand units, up from 1,395 thousand units in Q4 2024, reflecting a 9% increase [3] - North America shipments rose by 127 thousand units to 422 thousand units, a 43% increase year-over-year [3][6] - Enlarged Europe saw a decline of 26 thousand units, or 4% year-over-year, due to a contracting LCV market and competitive pressures [2][6] - South America shipments increased by 18 thousand units, or 7% year-over-year, while the Middle East & Africa grew by 3 thousand units, or 2% year-over-year [6] - Shipments in China, India & Asia Pacific rose by 3 thousand units, or 20% year-over-year [6] Regional Highlights - North America’s growth was attributed to normalized inventory dynamics and a nearly 150% increase in Q4 '25 orders year-over-year, driven by new offerings from Jeep®, Ram, and Dodge brands [6] - In Enlarged Europe, the decline was primarily due to a drop in Peugeot shipments, which fell by approximately 30 thousand units [6] - The increase in South America was supported by strong demand in Brazil, while growth in the Middle East & Africa was driven by developments in Türkiye and local production in Algeria [6]

Core Insights - Stellantis reported Q1 2025 net revenues of €35.8 billion, a 14% decrease compared to Q1 2024, primarily due to lower shipment volumes and adverse regional mix [6][8] - Consolidated shipments were 1,217 thousand units, down 9% year-on-year, attributed to lower production in North America and decreased LCV volumes in Enlarged Europe [6][8] - The company is suspending its FY 2025 guidance due to uncertainties related to evolving tariff policies [5][8] Financial Performance - Q1 2025 net revenues decreased by €5.9 billion from €41.7 billion in Q1 2024 [5][6] - North America saw a 25% decline in net revenues, with shipments down 20% to 325 thousand units [14] - Enlarged Europe experienced a 3% decrease in net revenues, with shipments down 8% to 567 thousand units [15] Market Dynamics - The company launched three all-new products in Q1 2025, contributing to a 1.9 percentage point increase in EU30 market share to 17.3% [9][10] - In South America, shipments increased by 19%, maintaining a market share of 23.8% [18] - The U.S. retail order volumes improved significantly, with new retail orders rising 82% in March 2025 compared to March 2024 [9] Strategic Initiatives - Stellantis is actively engaging with policymakers on tariff policies and adjusting production plans to mitigate impacts [11][8] - The company is focusing on innovations, including the introduction of STLA AutoDrive 1.0, enhancing vehicle intelligence and automation [17] - The process to appoint a new permanent CEO is underway and expected to conclude in the first half of 2025 [8] Segment Performance - North America: Shipments down 20%, net revenues down 25% [14] - Enlarged Europe: Shipments down 8%, net revenues down 3% [15] - Middle East & Africa: Shipments down 15%, net revenues down 15% [16] - South America: Shipments up 19%, net revenues up 6% [18] - China and India & Asia Pacific: Shipments down 20%, net revenues down 15% [19] - Maserati: Shipments down 48%, net revenues down 50% [20]