Stellantis, Filosa: 'Volumes up in the fourth quarter'. Title rallies

Stellantis rallied at Piazza Affari (+9.18% to EUR 8.15 at the close of trading) after CEO Antonio Filosa spoke at the Kepler Cheuvreux Autumn Conference 2025. The manager pointed to volume growth as early as the fourth quarter, which is set to consolidate in 2026, and a 'progressive and visible' improvement in all key performance indicators.

Filosa explained that internal synergies 'are starting to bear fruit, especially in the compact segments: Citroën C3, Fiat Grande Panda, Opel Frontera and other models on the way. "The priority," he added, "is to reverse the trend on cash generation by growing revenues.

Overseas, where the group's share fell from 12 to 7 per cent after the release of 'seven profitable models', Stellantis is preparing a decisive relaunch. The Ram pick-up truck with Hemi engine has garnered 10,000 orders in a week and 40,000 after a month, while the new Dodge Charger and Jeep Cherokee are set to push sales. "The US remains the number one spot," Filosa reiterated, pointing out that stocks, after the 2024 stresses, are back to "healthy" levels.

On the US tariffs dossier, the CEO showed pragmatism: 'We understand Washington's reasons in wanting to bring jobs and production back home, but we continue a constructive dialogue for possible reallocations'.

In Europe, Filosa called for super incentives for citycars in line with what Commission President Ursula von der Leyen announced in her State of the Union address. "They consume and emit less than large models and deserve supportive policies. We also need more technological neutrality." The numbers are telling: the EU market has fallen from 19 to 15 million registrations, a drop of more than three million units. The same slowdown can be seen in commercial vehicles, down by 350,000 units by 2025: 'We need to encourage the renewal of a fleet of 250 million cars, with environmental, production and employment benefits'.