Stellantis swings to second-quarter profit as North America demand climbs
AMSTERDAM, July 30. Stellantis swung to profit in the second quarter Thursday, the Jeep maker reported, as demand rose in North America.
Key takeaways
- Stellantis swung to a profit in the second quarter, reversing a prior loss.
- Rising demand in North America was the driver cited for the profitable result.
- The maker of the Jeep reported the quarterly result on Thursday, July 30 from Amsterdam.
- Increased North American demand was enough to move the quarterly bottom line into positive territory.
- No financial figures, executive names, or additional metrics were provided in the source.
AMSTERDAM, July 30. Stellantis swung to profit in the second quarter Thursday, the Jeep maker reported, as demand rose in North America.
Earnings turnaround
The auto giant disclosed the result Thursday. North American demand climbed during the period, the company said, and the improvement carried through to a profitable quarterly result.
The quarter marked a reversal from a prior loss. Stellantis pointed to rising North American demand as the driver of the result.
North America at the center
North America was the market Stellantis credited in Thursday's release. The company, which makes the Jeep among other vehicles, reported that demand in the region increased during the quarter.
That pickup in demand was enough to move the quarterly bottom line into positive territory, Stellantis said.
Note: The source provided no financial figures, executive names, or additional metrics. Per house policy, none were supplied.