Stellantis Turns a Profit as North America Drives Q2 rebound

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Source: CNBC
Stellantis Turns a Profit as North America Drives Q2 rebound
Photo: CNBC
TL;DR Summary

Stellantis swung to a €293 million Q2 profit as rising North American demand boosted adjusted operating income to €773 million, though results missed Reuters’ consensus. The automaker posted €1.0 billion in industrial free cash flow and reaffirmed progress on the FaSTLAne 2030 plan with new product launches on track, while shares fell on the news.

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