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The Independent UK
The Independent UK
National
Colleen Barry

Maker of Jeep and Fiat sees early results of turnaround with higher 3Q revenue

Jeep FIAT Stellantis Antonio Filosa Peugeot Donald Trump United States
Stellantis US Expansion - (Copyright 2023 The Associated Press. All rights reserved)

Stellantis reported a 13% increase in third quarter net revenues to 37.2 billion euros on Thursday, ending seven quarters of decline on strong North American results as the world's fourth-largest carmaker showed the first signs of a turnaround under the new CEO.

The Italian-Franco-U.S. carmaker that makes Jeep, Fiat and Peugeot vehicles said shipments rose 13% to 1.3 million vehicles, driven by North America, where it relaunched the popular HEMI V-8-powered RAM 1500 in September nixed by previous management.

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