Stellantis has revealed that it exceeded profitability targets in 2021 despite a 20% decline in new vehicle production triggered by the shortage of semiconductor microchips.
The OEM behind the Abarth, Alfa Romeo, Citroen, Fiat, DS Automobiles, Peugeot and Vauxhall brands revealed today (February 23) that its pro forma revenues rose 14% to €152bn, while net profit nearly tripled to €13.4bn.
This resulted in an adjusted operating margin well above its 10% goal for the year at 11.8%.
Login to continue reading
Or register with AM-online to keep up to date with the latest UK automotive retail industry news and insight.
AM Dealer Recommended 2025
In this issue we present the top perfomers in the 2025 AM Dealer Recommended research.
Significant motor retail industry suppliers have been endorsed by UK automotive retail leaders in our research programme.
We surveyed dealers from our audience to find out who they trust most and rely on for products and services in a variety of critical aspects of their motor retail operations.
Almost 30 companies received sufficient support from AM's dealer audience to become Dealer Recommended this year.
Find out who they are and learn from them how they can problem solve in your business.
Read now
Login to comment
Comments
No comments have been made yet.