After a tough spell, Stellantis reports encouraging results for the third quarter of 2025

After a period marked by significant challenges, the Stellantis group appears to be making a strong comeback. Following the announcement of a 13% increase in its third-quarter shipments, Citroën's parent company has confirmed this positive momentum by reporting a 13% increase in net revenue for the same period. This performance, reaching €37.2 billion, puts an end to several consecutive quarters of decline and signals a welcome return to growth, driven by solid results in key markets and a product strategy that is beginning to yield results.

Strong growth driven by North America

The analysis of the third-quarter 2025 results reveals a robust financial performance, largely fueled by the dynamics observed in strategic markets. Net revenue reached €37.2 billion, a significant 13% increase compared to the same period last year. This growth is primarily explained by an increase in consolidated shipments, which totaled 1.3 million units, representing a 13% rise, or an additional 152,000 vehicles.

North America was the main engine of this recovery, contributing 104,000 units to this growth. Stellantis attributes this performance to the return to normalized inventory management by U.S. dealers, a stark contrast to the major destocking effort that characterized the previous year. The Enlarged Europe and Middle East & Africa regions also made positive contributions. In Europe, net revenue grew by 4%, supported by the ramp-up of recently introduced and highly anticipated models, including the Citroën C3 and C3 Aircross. These models, alongside the Opel/Vauxhall Frontera and Fiat Grande Panda, are helping to improve the group's market share in the B-segment. South America was the only region to post a moderate decline. Inventory management remains a key focus, with total stock at 1,252,000 units as of September 30, 2025, a level described by the group as "disciplined," even amidst multiple new vehicle launches.

A historic investment plan to shape the future

Looking ahead, Stellantis is not merely resting on these positive results. The group has announced a bold action plan to strengthen its position, particularly in the United States. On October 14, 2025, the company unveiled a strategic investment program of $13 billion over the next four years. This major financial commitment aims to accelerate future growth, solidify Stellantis's industrial footprint, and enhance its brands' presence in the U.S. market. CEO Antonio Filosa highlighted the significance of this move:

"As we continue to execute important strategic shifts to provide our customers with greater freedom of choice, we saw sequential progress and solid year-over-year performance in the third quarter, marked by the return of revenue growth. This is encouraging and we continue to build on those gains. We are also taking decisive actions to align Stellantis’ resources, programs, and plans to support long-term profitable growth, including the recently announced $13 billion investment in the United States."

This plan includes reopening the Belvidere plant to produce two new Jeep models, assembling a new Ram midsize pickup truck in Toledo, and producing a new large SUV in Warren. Concurrently, Stellantis reiterated its financial guidance for the second half of 2025, anticipating continued improvement in its key metrics. However, the group noted that additional charges may be incurred to adapt to regulatory and geopolitical developments, while also undertaking a review of its warranty estimation process.

In conclusion, after a period of dark clouds that may have concerned observers and enthusiasts, a break in the clouds seems to be emerging for Stellantis. The double-digit growth in both shipments and revenue is a strong and positive signal. While this recovery is still in its early stages, particularly in Europe where market share remains a challenge, the massive announced investments and renewed commercial momentum—bolstered by relevant new products like the Citroën C3—provide a basis for renewed optimism. The key now will be to consolidate this progress in the coming months to confirm that the group is firmly back on a path of sustainable growth.