Stellantis, the world's fourth-largest automaker, announced a 13% year-on-year increase in Q3 net revenue to €37.2 billion on Thursday, marking an end to seven consecutive quarters of decline. The rebound was driven by strong performance in North America and showed initial signs of progress under its new CEO’s turnaround strategy.

The company, which owns brands like Jeep, Fiat, and Peugeot, reported a 13% rise in vehicle shipments to 1.3 million units, with North America as the primary growth driver. In September, Stellantis revived the popular Dodge Ram 1500 model equipped with the "HEMI V-8" engine—a move reversing a decision by previous management.

Nearly 70% of the 152,000 new vehicles shipped in Q3 went to North America, led by brands such as Jeep, Dodge Ram, Chrysler, and Dodge. The automaker has launched six new models in the first nine months of 2025 and plans four more by year-end.

Formed in 2021 through the merger of France’s PSA Peugeot and Italian-American Fiat Chrysler Automobiles, Stellantis is now the fourth-largest global automaker. CEO Antonio Filosa, who took office in June, called the results "encouraging."

Filosa stated, "We continue critical strategic adjustments to broaden customer choices, and this quarter’s sequential improvement and solid year-on-year performance—highlighted by returning revenue growth—reflect these efforts."

In the U.S., Stellantis’ Q3 sales rose 6%, lifting its market share to 8.7%—a 15-month high. Globally, sales grew 4%, with gains in Europe, the Middle East, and Africa. However, European net revenue growth of 4% was offset by declines in France and Italy, slightly reducing regional market share to 15.4%.

After a dismal 2024 performance led to the departure of former CEO Carlos Tavares, Filosa acted swiftly to revitalize the company: reviving discontinued U.S. models, restructuring management (including appointing Emanuele Cappellano to oversee European operations), and preparing a new business plan for next year.

Legally headquartered in the Netherlands, Stellantis recently pledged a $13 billion U.S. investment over four years to expand production—boosting capacity by 50% and creating 5,000 jobs—potentially cushioning against tariffs under former U.S. President Donald Trump’s policies. Earlier this month, the company lowered its 2025 tariff impact estimate from €1.5 billion to €1 billion.