Stellantis targets ‘transformative’ US growth after record 2022 results

Stellantis chief executive Carlos Tavares is targeting a “transformative journey” towards electrification in the US after revealing record 2022 financial results for the car manufacturing giant.

The OEM behind brands including Abarth, Alfa Romeo, Citroen, DS, Fiat, Jeep and Peugeot reported revenues up 18% to €179.6bn (£158bn) and net profit up 26% to €16.8bn – circa £14.8bn – in results revealed this morning (February 22).

Tavares attributed the record financial results to the “focused execution of the Dare Forward 2030 strategic plan”, asserting that it also demonstrated the effectiveness of Stellantis’ electrification strategy in Europe.