7:39 am, July 30, 2026
Stellantis has returned to profit after a difficult 2025 – but the automotive giant is still losing money in Europe.
The owner of Vauxhall, Peugeot, Citroen, Fiat, Jeep, Alfa Romeo and DS reported net profit of €293m for the second quarter of 2026, compared with a €1.9bn loss in the same period last year.
Revenues rose 13% year-on-year to €43.5bn, while global vehicle shipments increased 10% as the group benefited from a strong recovery in North America.
However, Europe remains a concern, the firm said in an update this morning.
Despite increasing vehicle shipments by 5% across the region, Stellantis’ Enlarged Europe division still posted an adjusted operating loss of €94m for the quarter, equivalent to a negative operating margin of 0.6%.
Revenue was effectively flat at €16.4bn as higher sales volumes were offset by weaker pricing.
The company said European growth was driven by models including the Fiat 500 and Grande Panda (pictured), Citroen C3 Aircross, Vauxhall Frontera, Jeep Compass and Leapmotor vehicles.
It added that higher sales volumes and improved operating performance were outweighed by lower pricing and rising raw material costs.
For the first six months of the year, Stellantis’ European business remained loss-making, posting an adjusted operating loss of €86m despite revenues edging up 1% to €30.8bn.
Despite the ongoing challenges in Europe, Stellantis reaffirmed its full-year financial guidance and said its long-term ‘FaSTLAne 2030’ strategy remains on track.
Chief executive Antonio Filosa said: ‘The second quarter was marked by continued progress, led by North America and supported by important contributions from all other regions.
‘We improved performance across our key financial metrics with net revenues, AOI and industrial free cash flows all showing significant gains.
‘With implementation of our FaSTLAne 2030 strategy well underway and this year’s exciting new product launches on time and on track, we remain confident of delivering our 2026 financial guidance.’
The results suggest Stellantis is continuing to recover globally, but also underline the challenges facing its European operations, where intense competition and pricing pressure continue to weigh on profitability despite improving sales volumes.
Stellantis has been under increasing pressure from Chinese brands, especially in the UK, which are rapidly gaining market share.