Stellantis vehicle shipments rise 10% in the second quarter, led by North America

In North America, Stellantis vehicle shipments rose 38% in the second quarter to 445,000 units, supported by new or refreshed models, including the Ram 1500 8-cylinder light-duty truck and its high-performance, off-road TRX SRT version, and refreshed Jeep's Grand Wagoneer and Grand Cherokee and Chrysler Pacifica.

The result, however, also reflected preparations for the planned summer production shutdown, the automaker said in a statement.

Milan-listed shares in the automaker were flat in early trading at €4.84, in line with the Italian blue chip index .FTMIB.

Stellantis shares last week dipped to €4.59, their lowest since the automaker was created in early 2021 from the merger of Fiat Chrysler and Peugeot maker PSA.

The drop also underscored wider investor concerns about the auto industry, amid an escalating crisis at Volkswagen VOWG.DE, Europe's largest carmaker, over a far-reaching restructuring programme opposed by labour representatives.