Stellantis reports record results for first year

Published:  24 February, 2022
Credit: Jeep

The Netherland’s-based automotive corporation, formed from a merger of French automaker Groupe PSA and Italian-American automaker Fiat Chrysler Automobiles a year ago, has reported a €13.4 billion net profit for 2021 on a pro forma basis.

The company achieved net revenues of €152 billion for the year with adjusted operated income coming in at €18 billion with an 11.8% margin.

Stellantis launched more than ten new models during 2021, including the Citroën C4, Fiat Pulse, DS 4, Jeep Grand Cherokee, Wagoneer, Maserati MC20, Opel Mokka, Opel Rocks-e and Peugeot 308.

Global LEV sales during the year reached 388,000 units, with the company reaching pole position for battery electric van sales in the EU30. Meanwhile, in North America, the Jeep Wrangler 4xe was the bestselling plug-in hybrid electric vehicle in U.S. retail.

In South America, Stellantis was the market leader during 2021 with a share of 22.9% and led commercial vehicles with a 30.9% share. The company also led this category in the EU30 region with 33.7% of market share.

Carlos Tavares, Stellantis CEO, said: “Today’s record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments.”