Stellantis reports improved financials and expands engineering workforce

Stellantis has reported a 10% rise in revenue for the first half of 2026, reversing a fall from the previous year. The carmaker, which owns brands like Jeep and Ram, saw North American shipments grow by 38% in the second quarter alone. The company has hired more than 2,000 engineers as part of its recovery plan, called FaSTLAne 2030, which involves $70 billion in investment. Stellantis is also working toward saving $7 billion in costs by 2028. The new engineers are currently being integrated into the business after a large recruitment push earlier this year. Jeep and Ram are expected to help improve profit margins as the plan moves forward.