Stellantis Posts First Top-Line Growth In Seven Quarters With 13% Q3 Surge

Stellantis on Thursday, reported a 13% year-over-year increase in Q3 net revenues, delivering its first top-line growth in seven quarters. The multinational automaker, which owns Chrysler, Dodge, Fiat, Jeep®, Peugeot, and Ram, said revenue for the July-to-September 2025 period reached €37.2 billion (or about $43.2 billion)—ahead of analyst expectations of €36.58 billion—driven largely by gains in North America and Europe.

The upbeat performance reflects a meaningful step forward under CEO Antonio Filosa’s turnaround plan, marking a return to growth for a company that has faced regulatory pressure, economic turbulence, and slowing demand in key markets. Yet, the automaker also issued a cautionary note on potential one-off costs expected in the second half of the year.

Warning On One-Off Charges Dampens Investor Optimism – 

Despite the encouraging results, Milan-listed Stellantis shares dropped 6% on Thursday after the company warned of charges it expects to incur through December 2025. Stellantis said the charges—related to restructuring, warranty adjustments, and strategic realignment—will be “largely excluded” from adjusted operating income once finalized.

The warning followed what appeared to be a strong quarter, but investors remain cautious. Stellantis’ stock has fallen more than 27% year-to-date, reflecting skepticism toward the automaker’s recovery amid ongoing global challenges, which include traiffs, demand, and regulations.

The company reaffirmed its financial guidance for the second half of 2025, projecting continued improvement in net revenues, adjusted operating income (AOI), and industrial free cash flow.

CEO Filosa: “Encouraging Signs Of Sequential Progress” – 

Antonio Filosa emphasized that the third quarter’s gains validate Stellantis’ recent strategic shifts and operational adjustments.

“As we continue to implement important strategic changes in order to provide our customers with greater freedom of choice, we have seen positive sequential progress and solid year-over-year performance in Q3, marked by the return of top-line growth. This is encouraging and we are continuing to build on these gains. We are also taking decisive actions to align Stellantis’ resources, programs and plans to support long-term, profitable growth, including our recently announced $13 billion investment in the U.S.,” said Filosa.

Global Deliveries Rise 13% –

Stellantis delivered 1.3 million vehicles during Q3 2025—up 13% (or 152,000 units) from the prior year. Most of the growth came from North America, which added about 104,000 vehicles as inventories normalized following last year’s U.S. dealer stock reduction initiative.

Global sales were up 4% year-over-year, while total inventories stood at 1.25 million units, a modest 4% rise since mid-year, showing disciplined management while launching several major products.

The automaker’s U.S. market share reached 8.7% in September, its highest in 15 months, fueled by momentum from the return of the 5.7-liter HEMI® V8-powered Ram 1500 and steady Jeep® and Chrysler volume.

€37.2 Billion / $43.2 Billion In Revenue: Breaking Down The Numbers – 

• North America: Up sharply thanks to strong truck and SUV sales and improved dealer inventory.

• Enlarged Europe: Net revenues rose 4%, supported by new models like the Citroën C3, Opel/Vauxhall Frontera, and Fiat Grande Panda, though overall market share dipped to 15.4% amid weaker demand in France and Italy.

• Middle East & Africa: Up 6% year-over-year, led by strong local partnerships and sales expansion.

• South America: Down modestly, as inflation and currency fluctuations affected affordability in key markets like Brazil and Argentina.

Stellantis Expands U.S. Footprint With Record Investment – 

Earlier this month, Stellantis unveiled a $13 billion (€12.3 billion) investment plan to accelerate growth and strengthen its American manufacturing presence—its largest-ever U.S. investment in the company’s 100-year history. The plan, revealed amid President Donald Trump’s renewed push to bring automotive manufacturing back to the U.S. through higher import tariffs, expands on commitments Chairman John Elkann discussed with Trump in January.

The initiative includes the launch of five all-new vehicles and the creation of more than 5,000 jobs.

U.S. Plant and Product Details – 

• Belvidere, Illinois – Reopening for the Jeep® Cherokee (KM) and Compass (J4U) production.

• Toledo, Ohio – Assembly site for an all-new Ram midsize pickup.

• Warren, Michigan – Building a large SUV with both range-extended electric (REEV) and internal combustion (ICE) powertrains.

• Detroit, Michigan – Producing the next-generation Dodge Durango (D6U).

• Kokomo, Indiana – Manufacturing the turbocharged 2.0-liter GMET4 EVO engine, capable of powering multiple Dodge, Jeep®, and Ram models.

Once completed, the investment will increase Stellantis’ U.S. production capacity by roughly 50%, adding to a steady rollout of refreshed models across all American assembly plants through 2029.

Analysts’ View – 

Analysts surveyed by LSEG had expected €36.58 billion in revenue, meaning Stellantis slightly beat consensus estimates. While the one-off cost warning created short-term investor jitters, the quarter’s underlying performance is being viewed as an early indicator that Filosa’s restructuring strategy—focusing on North American profitability, hybrid/REEV development, and dealer supply normalization—is starting to bear fruit.

A Cautious But Encouraging Outlook – 

Despite its warning, Stellantis remains optimistic about the rest of 2025. The automaker expects continued strength in North America, further hybrid and electric rollouts in Europe, and improved free cash flow.

The company’s rebound reflects not only operational improvement but also a new phase of investment aimed at reconnecting with U.S. consumers, rebuilding dealer trust, and delivering vehicles that combine power and practicality—like the HEMI-powered Ram 1500 and the upcoming Dodge Charger SIXPACK.

If the plan continues as outlined, Stellantis could see this quarter as the first real turning point since its merger.