Stellantis has reported an “outstanding” 9.5ppt year-on-year improvement in operating income margin, to 11.4%, in the first half of 2021.

The car manufacturing giant – the result of a merger between the PSA Group and FCA Group officially completed at the start of this year – revealed the result in pro forma financial results published this morning (August 3).

Its improved margins came as revenues rose 270.2% to £72.61 billion (H1 2020: £19.61bn) and net profits rose from £797m to £5.8bn.

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