The automotive giant Stellantis posted a second-quarter profit on Thursday, breaking even after a loss driven by a resurgence in North American market demand. These early signs suggest that the restructuring plan led by CEO Antonio Filosa is beginning to yield results.

This multinational car group, which owns well-known brands including Jeep, Dodge, Fiat, Chrysler, and Peugeot, reported a net profit of 293 million euros ($335.3 million) for the second quarter, a sharp turnaround from a loss of 1.87 billion euros in the same period last year. Adjusted operating profit for the April-to-June quarter surged to 773 million euros from 213 million euros a year earlier, more than tripling. However, this figure fell short of the 914 million euro consensus estimate from analysts polled by Reuters.

Following the results, shares of Stellantis, which are listed in Milan, tumbled sharply. Trading was briefly halted early Thursday as the stock plunged over 8%, before paring losses to trade around 5% lower.

In a statement, CEO Antonio Filosa said: "Business continued to improve in the second quarter, led by North America, with all other regions making meaningful contributions." He added: "We are steadily advancing the execution of our 'FaSTLAne 2030' strategy, with several highly anticipated new vehicles set to launch on schedule this year. We remain confident in achieving our 2026 financial targets."