Stellantis posted record results for its first year of operation, with an incredible net profit.
He said he had generated € 13.4 billion in net income of € 152 billion – almost tripling from one year to the next – and that he would provide 1.9 billion euros in benefits to the workforce, with 3 , 3 billion euros representing dividends, subject to shareholder approval.
CEO Carlos Tavares said that “today’s record results show that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments.”
“I warmly thank all Stellantis employees in our regions, brands and functions for their contribution to building our new company, based on its diversity. I would also like to take this opportunity to thank the management team for their tireless efforts as we faced and overcame the headwinds. “
“Together, we focus on delivering on our plans as we move toward becoming a sustainable mobility technology company,” he said.
What’s next for the giant car
He is due to present Stellantis’ detailed business plan for March 1.
Adjusted operating profit almost doubled to 18 billion euros, with a margin of 11.8%, which was above its target of about 10%.
In the Enlarged Europe or EU30 sector, it claimed a market share of 33.7% for commercial vehicles, saying the Peugeot 208 was the best-selling vehicle in the EU30, while 2008 was number one in the EU30. B- SUV segment for 2021.
Stellantis also said it plans to invest more than 30 billion euros in electrification over the next three years, with partnerships in battery technology, battery materials and software development.
The multinational car manufacturing corporation was founded in January 2021 with the merger of Fiat Chrysler Automobiles and Groupe PSA and is now the fourth largest carmaker in the world.