Stellantis Q3 Revenue €37.2B, Warns One‑Off Charges

Stellantis reported a 13% rise in third-quarter net revenue to €37.2 billion and a 13% increase in shipments to 1.3 million units, marking the end of seven quarters of decline under CEO Antonio Filosa. The recovery was driven largely by stronger North American performance, including the relaunch of the HEMI V‑8 Ram 1500 and multiple new model introductions, and the company pledged $13 billion in U.S. production investment. Management warned it expects one‑off charges in the second half related to regulatory and strategic changes, a review of warranty estimates and tariff‑related costs of around €1 billion, after €3.3 billion of charges in H1. The disclosure and other headwinds, including supply‑chain risks, possible semiconductor constraints and muted European demand, sent Milan‑listed shares sharply lower (reported down roughly 4%–10%). Despite the charges and risks, Stellantis reaffirmed second‑half guidance for higher revenue, improving cash flow and a low single‑digit adjusted operating margin while shifting strategy toward hybrids and gasoline offerings.