Stellantis confirmed full-year guidance as turnaround efforts progress, with new model launches boosting North America revenue. The automaker's $70 billion revival plan focuses 70% of product investments on four key brands: Jeep and Ram in the U.S., and Peugeot and Fiat in Europe.

Overall deliveries in the second quarter rose 10%, driven by North America as the Jeep Grand Wagoneer, Ram 1500, Dodge Durango and Chrysler Pacifica all saw strong sales gains. The company reported a second-quarter net profit of 293 million euros ($336 million) from a loss of 1.87 billion euros a year prior.

Revenue rose 13% to 43.48 billion euros. Stellantis, which houses a sprawling stable of brands, has pledged to focus the bulk of its investments on these four brands across Europe and the U.S. as part of its turnaround plan outlined earlier this year.