Stellantis CEO Antonio Filosa recently touted the company’s efforts to back into the black, and the company’s first quarter earnings report shows his plan seems to be working.
The company reported a net profit of $440 million for the first quarter of 2026, a massive change from the same time last year when the company reported a loss of about $455 million. Stellantis also reported adjusted operating income of $1.2 billion. The company’s revenue was up also, rising 6 percent.Filosa pointed to better sales and improved operations as the reasons for the turnaround.”As we initiate quarterly reporting, the first three months of 2026 reflect the early results of our actions to return Stellantis to sustainable, profitable growth,” Filosa said in a release. “The products we launched in 2025 have been well received and we’re confident that the 10 new vehicles planned for 2026 will build on this momentum. Our priority is clear: to put our customers back at the center of everything we do, and we look forward to sharing more on this at our Investor Day on May 21 in Auburn Hills.”
That presentation is likely to offer more insight into his turnaround plan, which included a $26 billion charge against earnings for the second half of 2025, while also pushing more hybrid models that the public is currently calling for. The automaker no …
Go to Source
Author: Michael Strong
