Stellantis posted a second-quarter net profit of 293 million euros, or about $335.3 million, reversing a prior-year loss of 1.87 billion euros, signaling its global turnaround plan is gaining momentum. Adjusted operating income more than tripled to 773 million euros, though it fell short of Wall Street estimates of 914 million euros. North America was a bright spot, with market share rising to 7.4% from 7% a year ago, driven by strong demand for the Ram 1500 and the reintroduction of the Hemi V-8 engine. The company achieved its fourth consecutive quarter of year-over-year sales growth in the region, increasing 6% after seven years of annual declines. Stellantis aims to lift North American adjusted operating margins to between 8% and 10% over the next five years, supported by new vehicle launches and 11 planned SRT performance models across Ram, Jeep, and Dodge brands.
Stellantis NVStrong Ram 1500 demand and Hemi V-8 reintroduction drive North American sales growth.
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