Stellantis: earnings and industrial recovery

This dossier follows Stellantis’s earnings and industrial turnaround, including regional profitability differences and cash flow. It distinguishes published results from management targets.

Last updated : 2 November 20262 key moments

2008 archive; does not show the 2026 stoppage. Dgtmedia - Simone / Wikimedia Commons, CC BY 3.0. — Dgtmedia - Simone / Wikimedia Commons — CC BY 3.0 https://creativecommons.org/licenses/by/3.0/ — archives 2008, sans modification.

Where things stand

On 2 November 2026, Stellantis warned that a missing component had slowed Fiat production in October and could continue disrupting Mirafiori and Pomigliano in November and December. Fim-Cisl reported another week of temporary lay-offs at Mirafiori.

2 November 2026Reported information

Stellantis warns of possible further disruption at Italian Fiat plants

Stellantis said on 2 November 2026 that a shortage of a component for the N3 GSE engine control unit had slowed production of several Fiat models in October. The group warned that disruption could affect Mirafiori and Pomigliano d’Arco in November and December.

Archive view of the Fiat Mirafiori plant. — 2008 archive; does not show the 2026 stoppage. Dgtmedia - Simone / Wikimedia Commons, CC BY 3.0. — Dgtmedia - Simone / Wikimedia Commons — CC BY 3.0 https://creativecommons.org/licenses/by/3.0/ — archives 2008, sans modification.

The carmaker said the Pandina, assembled at Pomigliano, had been particularly affected. It says it is working with suppliers to restore component availability progressively, without announcing a date for full production to resume.

In Turin, Fim-Cisl reports another week of temporary lay-offs, from 2 to 6 November, in Mirafiori’s bodywork and components operations; several other units are excluded. The union is calling for a new production assignment and investment. Disruption in subsequent months remains a risk rather than a final shutdown timetable.

Sources 3

28 October 2026Confirmed

Stellantis narrows loss but industrial cash flow remains negative

Stellantis announced a third-quarter net loss of about €500 million on 28 October 2026, a 90% reduction from a year earlier. The carmaker nevertheless reported negative industrial free cash flow of €4 billion.

Aerial view of Stellantis’s Mulhouse plant. — Stellantis’s Mulhouse plant, aerial view dated 7 September 2026. Archive illustration, unrelated to the earnings announcement. DemieK07, CC BY-SA 4.0. — DemieK07 / Wikimedia Commons — CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ ; Mulhouse, 7 septembre 2026 ; redimensionnement.

Quarterly revenue rose 1% to €37.6 billion. Revenue increased 3% in Enlarged Europe and South America, while falling 3% in North America, according to results released in Amsterdam.

Adjusted operating income reached about €300 million, with a margin of 0.7%. All regions posted positive adjusted margins except Enlarged Europe. The narrower net loss also reflects comparison with a 2025 period affected by exceptional charges.

Stellantis maintained its 2026 guidance and forecast positive industrial free cash flow in 2027. That remains a target: the reported quarter does not yet mark a return to positive cash generation.

Sources 4