Stellantis said Thursday that it got back in the black in the first quarter of this year, posting a net profit of 377 million euros compared to a loss of 387 million euros in the first three months of 2025.
    The Italian-French-American group, whose brands include Jeep, Peugeot, Fiat, Lancia, Maserati, Alfa Romeo and Chrysler, made a net loss of 22.3 billion euros in 2025, having made a huge write-down on its balance sheet as part of a reset after it overestimated the pace of the transition towards electric vehicles.
    Despite the return to profit, Stellantis's share price dropped by 7% in early trading on the Milan stock exchange on Thursday.
    The group's net revenue of 38.1 billion euros was slightly below analysts' expectations and its performance was seen as disappointing in the key North American market.
    One-off factors, such as tariff reimbursements in the United States, were also seen as being a big element in the return to profit.

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