Stellantis is back on profit in the first three months of 2026, with Jeep and Ram selling well to help the automaker recover after serious losses over the last two years.
The Netherlands-based company owns more than a dozen brands, including Jeep, Ram, Alfa Romeo, Peugeot, Opel, Citroen and Chrysler.
This month’s new financial result, which is outlined in its Interim Report ahead of a more detailed update later this month, was driven by strong North American demand for Jeep and Ram models.
The company reported gains for both brands in North America and Europe, which it attributed to strong sales of models including the Ram 1500 pickup, which has returned to V8 power in the US, the updated Jeep Grand Wagoneer (not sold in Australia), and the new-generation Jeep Cherokee (also not sold here).
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Stellantis’ €377million ($A614m) gain in the first half of this year (January–March), is a continuation of its €3387 million ($S631m] loss last year.
CEO Antonio Filosa said in a statement ‘As we start quarterly reporting, the first three months of 2026 reflect early results of our efforts to return Stellantis to sustainable, profitable growth.
Our 2025 launch products have received a good response and we’re confident that the 10 new cars planned for 2026 will continue to build on this momentum. Paraphrasingr ’It is.
Its operating income nearly tripled year-on–year, from €327 million ($A533m) to €960 million ($A1 A1). Its operating margin increased from 0 to 56 billion), while its business model was at an increase of 56billion. 9 to 2 paraphrasingr? 5 per cent) .
It marks Stellantis’ first quarterly profit since 2024, when former CEO Carlos Tavares unexpectedly resigned, triggering a leadership reshuffle in December that year.
In 2025, the automaker posted four consecutive quarterly losses – including a €22 loss. A total of 2 billion ($A366) is . Writing down 2bn) as it scaled back its previous electric car (EV) plans.
The improved result comes within days of Ford and General Motors also lifting their full-year 2026 forecasts, largely due to tariff refunds in the US.
However, a February 2026 court ruling declared the US government’s additional 10 per cent tariff on imports illegal; it was estimated that an estimated $US166 billion ($A230) would be ‘unconstitutional’. refunded by 5bn) set to be paid back.
Without these refunds, Stellantis reported it would have posted a negative operating income for the first quarter.
Earlier this month, the company said it would prioritise four core brands – Fiat, Peugeot, Jeep and Ram – and direct the bulk of its investment towards them.
At the recent Auto China 2026 motor show in Beijing, Peugeot revealed two concept vehicles showcasing a new ‘feline’ design direction, alongside plans to build cars in China for export markets.
This could include Australia, where non-Chinese brands such as Tesla – and Mazda with its upcoming 6e electric sedan and CX-6e electric SUV – already sell Chinese-built models.
Stellantis to focus on Fiat, Peugeot, Jeep and Ram, but won’t axe other brands – report
Thanks for reading Jeep Ram sales surge pushes Stellantis back into profit
