Compared with the €2.26 billion loss recorded in the same period last year, Stellantis posted a €670 million profit in the first half of 2026. The automaker, formed by the merger of PSA and FCA, saw its adjusted operating profit triple to €1.73 billion, while its operating margin rose to 2.1%, up nearly 1.4 percentage points year on year. Stellantis published its half-year results on July 30.
North America powered the group’s recovery. Vehicle shipments in the region surged by 27.1% to 824,000 units, while revenues climbed 21.2% to €34.3 billion. This momentum helped offset more modest gains in Europe, where sales rose 8.3% to 1.4 million vehicles, but revenue growth was limited to 0.6%, totaling €30.8 billion.
Across all markets, Stellantis increased its total shipments by 10.3% to nearly 3 million vehicles in the first six months of the year. Group-wide revenues grew by 3% to €81.6 billion. Information from elespanol motor, these results reflect the impact of Stellantis’s ongoing FaSTLAne 2030 strategy, which aims to simplify operations and launch new products on schedule. Stellantis Pro One, the group’s commercial-vehicle business, also recorded 7% global growth in the first half.
The return to accounting profit has not yet translated into positive industrial cash generation: Stellantis reported industrial free cash flow of negative €921 million for the half-year. That distinction matters as the group seeks to turn stronger shipments and operating results into a more durable financial recovery.
Antonio Filosa, CEO of Stellantis, emphasized the company’s confidence in meeting its financial targets for 2026, citing the successful rollout of new models and continued execution of strategic plans. The group’s roadmap includes a planned reduction of European production capacity by 800,000 units by 2030, targeting production of 3.85 million vehicles in the region. FaSTLAne 2030 is also described as a five-year plan involving about €60 billion of investment and more than 60 new models. Its European industrial objective is to raise factory utilization from roughly 60% to 80% by 2030, making more intensive use of the remaining capacity basic to the restructuring.
Partnerships form part of that industrial approach. Stellantis holds a 51% stake in Leapmotor International. The cooperation combines Leapmotor’s vehicle technology with Stellantis’s manufacturing capabilities, supported by its quality systems and international reach. Leapmotor began production of its B10 model at Stellantis’s Zaragoza plant in Spain in October 2026, after the first-half reporting period.
Despite the positive results, Stellantis continues to face headwinds from U.S. tariffs. The company expects the tariffs to have a negative impact of €1 to €1.2 billion in 2026, with first-half costs holding steady at €300 million compared with last year. Management expects most second-half performance to come in the fourth quarter, following a summer production pause and ongoing operational improvements.
Stellantis is one of the world’s largest automotive groups, with brands including Peugeot and Fiat, alongside Jeep and Opel. The company’s recent results highlight the growing importance of the North American market, as well as the challenges posed by shifting trade policies and the need for operational efficiency in Europe. Its ability to sustain the recovery will depend on momentum in basic regions and improved cash generation, while it navigates ongoing regulatory pressures.
