Autobauer: Stellantis steigert Gewinn – verbrennt aber Milliarden

The Italian automobile manufacturer Stellantis reported a significant increase in profit in the third quarter, despite facing substantial cash outflows. The company reported a profit attributable to shareholders (Ebit) of €256 million (up from €90 million the prior year) after excluding one-off items, while still spending €4 billion from its industrial business.

Revenue remained flat at €37.6 billion. These figures highlight the challenges faced by Stellantis as it navigates a lengthy restructuring process. The French-Italian group, which emerged from the 2021 merger of Fiat Chrysler and Peugeot, has been grappling with declining sales and shrinking profitability for the past two years.

Stellantis CEO Antonio Filosa unveiled a new business plan in May of this year, promising dozens of new models, cost reductions, and closer ties with Chinese partners. However, investors remain skeptical about the company's path to sustainable recovery. In February, Stellantis announced write-offs of more than €22 billion related to electric vehicles, causing the stock to hit its lowest level since the company's inception.

Despite the difficulties, Filosa reaffirmed his forecasts for 2026 and the goal of achieving positive cash flow again from 2027, with a consortium-wide cost-cutting program expected to help. Filosa said, "Our Value Creation Program is running fast." The company is on track to implement at least 40% of the planned savings of €6 billion by the end of the year.

Additionally, Filosa announced plans to present a new business plan for the luxury brand Maserati on December 10, which had also been struggling recently.