STLA · Stellantis N.V.

Stellantis reported strong Q1 2026 shipment growth of 12% year-over-year to 1.4 million units, with all regions contributing positively. The performance was led by North America, where shipments increased 17% year-over-year, driven primarily by the Ram 1500, refreshed Jeep Grand Wagoneer, and all-new Jeep Cherokee models. These three models accounted for more than 100% of the year-over-year growth in the region, partially offset by lower Jeep Compass shipments due to production ramp-up of the Jeep Cherokee at the Toluca plant. In Enlarged Europe, shipments grew 12% year-over-year, with passenger car volume growth driven by new launches. The Smart Car platform vehicles (Citroën C3, C3 Aircross, Opel/Vauxhall Frontera, Fiat Grande Panda) showed particularly strong performance, increasing by approximately 48,000 units or 85% year-over-year. Leapmotor-branded vehicles gained commercial momentum with shipments increasing to approximately 27,000 units, supported by the success of the T03 model in the BEV entry-price segment across Europe. Middle East & Africa shipments increased 11% year-over-year, mainly driven by Türkiye, while South America shipments grew 4% year-over-year, led by Brazil. The company also announced results from its 2026 Annual General Meeting, where shareholders approved all resolutions by a large majority, including the re-election of key directors and the appointment of Juergen Esser as an additional non-executive director. All directors will serve two-year terms. The advisory vote on the Remuneration Report received 93.17% support from shareholders. The Board of Directors was reorganized with John Elkann as Chairman, Robert Peugeot as Vice Chairman, and Henri de Castries as Senior Independent Director, and three committees (Audit, Remuneration, and ESG) were established with specific members assigned.