Stellantis swings to Q2 profit on North American demand; shares drop 5%

The turnaround plan shows early signs of life, but investors remain cautious as European auto stocks trade at multi-year lows.

By Handelsavisen Newsroom · Automated 2026-07-30 07:55 UTC · 1 min read

Stellantis reported a return to profitability in the second quarter, driven by stronger-than-expected demand in North America.

The results mark a tentative step forward for CEO Antonio Filosa’s turnaround strategy, which aims to stabilize the group’s financial performance after a period of significant headwinds.

Despite the positive earnings surprise, Stellantis shares fell 5% in trading.

Despite the positive earnings surprise, Stellantis shares fell 5% in trading.

The sell-off underscores the persistent skepticism among investors regarding the durability of the recovery, particularly given the broader weakness in the European automotive sector.

European carmakers have been trading at multi-year lows, with Stellantis, Renault, and Ferrari significantly underperforming the wider market over the past two years.

While tire manufacturers such as Pirelli and Michelin have posted gains year-to-date, the OEM segment continues to face structural challenges, including shifting consumer preferences and competitive pressure.