Stellantis N.V.
Stellantis N.V. engages in the designing, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, and mobility services worldwide. It provides luxury and premium vehicles; global sport utility vehicles; American and European brand vehicles, as well as parts and accessories. The company also provides contract services; retail and dealer financing services; and vehicle leasing and rental services, as well as engages in after-market parts and service businesses and data businesses. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS Automobiles, Dodge, Fiat, Jeep, Maserati, Ram Trucks, Opel, Lancia, Vauxhall, Peugeot, Free2move, Share Now, Leasys, and Comau brand names through distributors and dealers. The company has a strategic collaboration with Microsoft Corporation for the development of AI initiatives across sales, customer care and operations. The company operates in North America, France, Brazil, Italy, Germany, the United Kingdom, Turkiye, Spain, Argentina, Belgium, Austria, Netherlands, Portugal, Poland, Algeria, Morocco, Japan, China, and internationally. Stellantis N.V. was founded in 1899 and is based in Hoofddorp, the Netherlands.
What does it do?
Stellantis is one of the largest car companies in the world, selling vehicles under 14 brands including Jeep, Ram trucks, Dodge, Chrysler, Peugeot, Fiat, Alfa Romeo, and Maserati. If you've ever seen a Jeep Wrangler, a Ram pickup truck, or a Fiat 500 on the street, that's Stellantis. The company was created in 2021 when the American group Fiat Chrysler merged with the French automaker PSA Group. They sell cars, vans, and trucks across North America, Europe, and beyond — plus spare parts and financing deals for buyers.
Stellantis is at the center of one of the most difficult transitions in automotive history — shifting from petrol engines to electric vehicles while competing against Tesla, Chinese brands, and legacy rivals like Ford and GM all at once. The company recently posted a massive $22 billion net loss, which spooked investors and sent the stock down sharply from highs above $25, making it one of the most talked-about turnaround stories in the sector. With a market cap of just $20 billion against $153 billion in annual revenue, the market is pricing in serious doubt about whether management can fix the business — which is exactly why contrarian investors (those who bet against the crowd) are paying attention.
How does it make money?
Stellantis makes the vast majority of its money by designing, building, and selling cars and light commercial vehicles — think Jeep SUVs and Ram pickup trucks in North America, and Peugeot and Opel vans in Europe. Vehicle sales drive the bulk of its $153.5 billion in annual revenue, with North America historically being the most profitable region thanks to high-margin trucks and SUVs. The company also earns money through financing services — offering loans and leases to customers buying its cars — and through selling spare parts and accessories, which tend to carry better profit margins than the vehicles themselves. However, the latest annual results showed zero reported gross profit and a net loss of $22.4 billion, signaling deep operational and restructuring problems that are currently wiping out earnings.
Why do investors care?
The investment case for Stellantis is essentially a turnaround bet — the idea that a deeply discounted stock can recover if new management fixes what went wrong. The company's stock trades at a tiny fraction of its annual revenue (a measure called price-to-sales), which means investors are paying very little for every dollar of sales the company generates, a potential sign of undervaluation if profitability returns. New CEO Antonio Filosa took over in late 2024 after the previous CEO Carlos Tavares resigned abruptly, and he has pledged to cut costs, rebuild dealer relationships in the US, and clear out a massive backlog of unsold inventory. For the bull case to work, Stellantis needs to stabilize its US market share, launch competitive EVs without destroying margins, and prove that its iconic brands like Jeep and Ram can still command premium prices.
Deep Dive
MemberA full investor briefing on Stellantis N.V. — history, leadership, risks, and outlook.