An engine is being assembled at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan.
Bill Pugliano | beautiful pictures
car manufacturer Stellantis on Wednesday posted record full-year results, reporting a 26% increase in net profit to 16.8 billion euros ($17.9 billion) and a 41% year-on-year increase in global battery and electric vehicle sales.
The Dutch-headquartered company, which was formed in 2021 from the merger of Italian-American group Fiat Chrysler and France’s PSA Group, said net sales rose 18 per cent to 179.6 billion euro thanks to “strong net prices, favorable media mix and a positive exchange rate”. translation effect.”
Stellantis CEO Carlos Tavares said the results also demonstrate the effectiveness of the company’s electrification strategy in Europe, with 288,000 battery and electric vehicle (BEV) sales by 2022 and 23 BEVs available across market.
This is expected to double to 47 models by the end of 2024, and Stellantis is targeting global BEV sales of 5 million by 2030.
“We now have the technology, products, raw materials, and full battery ecosystem to lead the same transformative journey in North America, starting with fully powered Ram cars,” said Tavares. our first electric from 2023 and Jeep from 2024.”
“I deeply appreciate each of our employees and partners for their contributions to a more sustainable future.”
The company also announced a dividend payment of 4.2 billion euros to shareholders, or 1.34 euros per share, subject to shareholder approval, while the board of directors has through a share buyback worth €1.5 billion to be carried out by the end of 2023.
Stellantis is one of the largest automakers in the world and is known for its individual car brands such as Alfa Romeo, Chrysler, Dodge, Fiat, Jeep and Peugeot.
Correction: The title of this story has been updated with an accurate description of the $4.47 billion dividend.
