Stellantis NV, the maker of Chrysler, Jeep, Ram and Fiat vehicles, reported improvements in the first quarter, including a near tripling of its adjusted operating income. However, shares fell sharply by around 7% as analysts highlighted weak cash flows and expected tariff refunds. The company reported first-quarter net revenues of $44.5 billion (38.1 billion euro), up 6% compared to the first three months of 2025. Despite this, industrial free cash flow was negative by more than $2.2 billion (1.9 billion euro). The return to profitability was driven by the North American region, which saw improved sales and market share increases. Stellantis is now reporting full profit details on a quarterly basis.