Stellantis shares fall after tariff-boosted quarterly profit

14 articles · Updated · The Wall Street Journal · Apr 30

The carmaker posted €960 million in first-quarter adjusted operating income, including about €400 million from North American tariff-cost adjustments after a February US Supreme Court ruling.
Its European-listed stock dropped about 7% at the open as investors worried the profit recovery lagged the sales rebound and would have been a regional loss without the one-off benefit.
Earlier, Stellantis reported €377 million net profit on €38.13 billion revenue, while new Jeep and Ram models helped lift US market share by nearly one percentage point under CEO Antonio Filosa.

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