Auto world's punching bag has last laugh
By Dom Tripolone · 02 Aug 2026
Stellantis has had a rough trot.The European-American conglomerate is the parent company of big names such as Jeep, Ram, Fiat, Peugeot, Citroen, Opel and more, and it hasn't been doing too well of late.In 2025 it posted a loss of more than €22 billion (about $36B), which was the worst performance to date for the company.Now it has posted two straight quarters of profit. In the past quarter it switched from a $3B loss from the previous year to $465 million into the black this year.A huge turnaround that shows Stellantis is having the last laugh.It’s not a new type of car, EV or hi-tech alternative, it’s just big utes.“The Ram 1500 was a key driver of both volume growth and profitability in the quarter, with strong demand for the reintroduction of the legendary Hemi V8 engine,” said Stellantis boss Antoino Filosa, according to Autonews.It is not only success by utes, but big, high-polluting and powerful utes.“Building on that momentum, we are now shipping the highly-profitable Ram 1500 TRX SRT to customers, just six months after its unveiling. This is the first off-road product from our SRT performance division, which we relaunched only one year ago,” said Filosa.The brand is focusing on the Jeep, Ram, Peugeot and Fiat brands, with a renewed focus on the US market.It is also deprioritising electric vehicles and pouring resources into hybrids and petrol cars.Stellantis’ success doesn’t stretch to Australia.Not a single brand in its portfolio has posted positive growth in the first six months of this year.In fact, two brands have stopped importing cars altogether, which could be a precursor to them waving goodbye to Australia for the foreseeable future.Peugeot’s importer Inchcape handed back the keys to the selling rights earlier this year, with no takers so far to continue selling the vehicles.Fiat, which is controlled by Stellantis Australia, has stopped importing its passenger cars with no confirmation if it will restart in the near future.It is understood this isn't the end for Fiat cars in Australia, but a break to work out the models in its line-up that would best suit the local market.“As part of Stellantis Australia's ongoing portfolio and product planning process, the availability of specific models can vary over time as we assess market demand and future product opportunities. We remain focused on ensuring the vehicles we bring to Australia meet customers’ expectations,” said a company spokesperson. Ram sales are down slightly, but Ram Australia doesn't sell the V8-powered models. Not yet, at least.Alfa Romeo sales are down 50 per cent this year. Jeep is down almost 70 per cent. The once high-selling US brand only sold 26 vehicles in June. Its range has shrunk massively in the past few years.Citroen, another Stellantis brand, also left the country in 2024.