Stellantis Reports Big Profit Even as Chip Shortage Cut Output

Stellantis Reviews Huge Revenue Whilst Chip Scarcity Lower Output

The automaker Stellantis stated its revenue greater than doubled in 2021 to 13.3 billion euros, a results of value financial savings and better costs that greater than offset disruptions to manufacturing and gross sales brought on by the worldwide scarcity of laptop chips.

The corporate, which was fashioned a 12 months in the past by the merger of Fiat Chrysler and France’s Peugeot, stated income for the 12 months rose 14 % to €149 billion from €134 billion in 2020

The underside-line consequence was an enormous enchancment from 2020, when the mixed corporations’ revenue would have totaled simply €4.8 million, if that they had been working as a merged entity on the time. In 2021, Stellantis benefited from €3.2 billion in value financial savings made doable by the merger, the corporate stated.

Stellantis bought 6.1 million automobiles and lightweight vans final 12 months, up from 5.9 billion in 2020. Its North American operations, which embody the Jeep and Ram truck manufacturers, generated about half of the corporate’s income and €11.3 billion in pre-tax revenue.

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