Stellantis extends its positive streak and returns towards the 10 euro mark

(Il Sole 24 Ore Radiocor) - Stellantis 's bull run continues, encouraged on the one hand by the easing of tension between the United States and China on the tariff front (Washington and Beijing have agreed to suspend some tariffs for 90 days) and on the other driven by the market's belief that the search for the next CEO is now at its last legs (the Italian Antonio Filosa , currently head of North American operations, seems to be in pole position). The stock, which gained 6.8% on the eve and has risen almost 13% since last Wednesday, continues its rally and is approaching the 10 euro threshold again , never touched since the beginning of April, when the tariffs imposed by US President Donald Trump came into force.

The driving effect comes above all from the news on tariffs: according to the rating agency Moody's, which on Friday cut the rating to Baa2 raising the outlook to stable, in the absence of changes to tariffs for Stellantis there would be an impact of 2.7 billion dollars (2.4 billion euros) on the operating result (EBIT) 2025. This would be a drop of 28% compared to the operating result of 2024 equal to 8.6 billion euros (-64%) with an Aoi margin of 5.5%. It should also be noted that in the United States, the Republican bill on tax reorganization has been presented to Congress, which provides for the repeal of the tax credit for electric vehicles of 7,500 dollars and introduces the deductibility of interest for cars assembled in the United States. "The deductibility does not appear to be an automatic mechanism. Articles report that the deduction could save consumers a few hundred dollars a year, offsetting the monthly increase in car prices caused by the tariffs,” Intermonte analysts explain, underlining that “in any case, the measure tends to favor carmakers with a higher share of cars assembled in the United States. Stellantis is in the middle, with 59% of vehicles sold in the U.S. market assembled locally, compared to an average of 57% for OEMs (original equipment manufacturers).