Stellantis Stock Is Soaring. Europe Is Crashing the Party.

Stellantis stock surged 15% after Q3 results showed €828 million in cost improvements and adjusted operating income rising to €256 million. However, progress is uneven: North America swung to profitability with a 0.4% margin, while Europe deteriorated significantly, moving from a €157 million profit to a €311 million loss due to higher EV sales and pricing pressure. The company's turnaround is gaining traction but remains fragile, with the key challenge being translating cost savings into broader profitability across all regions.