Stellantis Sees Global Shipment Surge Amid Strategic Turnaround

Franco-Italian automotive giant Stellantis has announced a 12% surge in global shipments year-on-year for the first quarter of 2026. The uptick brings the total to an estimated 1.4 million vehicles, indicating a solid recovery from last year's significant net loss.

CEO Antonio Filosa, tasked with spearheading the company's turnaround strategy since his appointment, will unveil a new industrial plan soon, aiming to claw back lost market share. The latest shipment increase is largely driven by North America and Europe, where Stellantis saw double-digit growth.

While North American shipments rose 17% to 379,000 vehicles, European figures climbed 12% to 637,000 vehicles. South America, the third-largest market, experienced a 4% increase to 219,000 vehicles. In contrast, shipments in the Gulf Cooperation Council countries plummeted amid the ongoing Iran conflict.

(With inputs from agencies.)