Stellantis (STLAM) rose 0.43% in Milan trading after the automaker reported preliminary Q2 2026 vehicle shipments of nearly 1.6 million units, up 10% year-on-year. North America led the recovery, up 38% to 445,000 units on new and refreshed models including the Ram 1500, Jeep Grand Wagoneer, Grand Cherokee, and Chrysler Pacifica, though Stellantis flagged that part of the gain reflected inventory builds ahead of a planned summer shutdown. Enlarged Europe grew 5% to 762,000 units, including roughly 33,000 Leapmotor vehicles the company distributes in the region.
CEO Antonio Filosa has been trying to win back customers lost to high prices, quality problems, and Chinese competition. Budget models carried Europe, with the Citroen C3, Opel Frontera, and Fiat Panda leading demand. South America, Middle East and Africa slipped 3%, largely due to the regional conflict.
Stellantis shares hit 4.59 last week, their lowest since the 2021 merger of Fiat Chrysler and PSA. Full Q2 results land July 30.