Jeep maker Stellantis swings to profit on rising demand in North America

Stellantis reported a return to profitability in the second quarter, with the multinational automaker posting net profit of 293 million euros compared to a loss of 1.87 billion euros in the same period a year earlier. The swing to profitability was driven by rising demand in North America, and the company indicated early signs of benefitting from Chief Executive Officer Antonio Filosa’s restructuring initiatives.
Adjusted operating income more than tripled to 773 million euros in the Apri