The Opel-Mother Stellantis increased sales in the third quarter for the first time in almost two years. Revenues increased by 13 percent to 37.2 billion euros from July to September, the company announced on Thursday. The group also lowered its estimate of the burden on US customs policy to around one billion euros for 2025, after previously fearing up to 1.5 billion euros. As usual, Stellantis did not provide any earnings figures for the third quarter. The group only presents these every six months.
The multi-brand group (including Opel, Fiat, Chrysler, Peugeot, Jeep, Alfa Romeo) announced that the sales growth was primarily due to the strong results in the main markets of North America and Europe. Stellantis reiterated its financial guidance for the second half of 2025, but expects to incur further “expenses for continued important and necessary changes to our strategic and product plans.” The company also warned of costs in the second half of the year due to regulatory changes. Investors were worried: Stellantis shares fell by around 9 percent.
Under the new CEO Antonio Filosa (52), Stellantis is on course for restructuring. Since taking office in June, the Italian has been battling a decline in sales USA and reduces excess vehicle inventory at dealers in North America. The weak US business led to the replacement of former boss Carlos Tavares (67) at the end of last year. In addition, Stellantis now wants to invest $13 billion in increasing production in the USA in order to meet President’s demands Donald Trump (79) to counteract import duties imposed. Further steps include the reintroduction of popular models such as the Jeep Cherokee and a reorientation towards hybrid and petrol vehicles.
In the third quarter, sales of VW’s competitor, driven by increasing sales of its US brands Chrysler, Dodge and Ram, rose by 13 percent to 1.3 million vehicles.