An engine undergoes meeting on the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan.
Bill Pugliano | Getty Images
Carmaker Stellantis on Wednesday introduced report full-year outcomes, reporting a 26% rise in internet revenue to 16.8 billion euros ($17.9 billion) and a 41% annual bounce in international battery and electrical automobile gross sales.
The Dutch-headquartered firm, shaped in 2021 from the merger of Italian-American conglomerate Fiat Chrysler group and France’s PSA Group, stated internet revenues rose 18% to 179.6 billion euros on the again of “strong net pricing, favorable vehicle mix and positive FX translation effects.”
Stellantis CEO Carlos Tavares stated the outcomes additionally demonstrated the effectiveness of the corporate’s electrification technique in Europe, with 288,000 battery and electrical automobile (BEV) gross sales in 2022 and 23 BEVs now in the marketplace.
This determine is predicted to double to 47 fashions by the top of 2024, and Stellantis is focusing on international BEV gross sales of 5 million by 2030.
“We now have the technology, the products, the raw materials, and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024,” Tavares stated.
“My deep appreciation to each and every employee, and our partners, for their contributions to a more sustainable future.”
The firm additionally introduced a 4.2 billion euro dividend payout to shareholders equating to 1.34 euros per share, topic to shareholder approval, whereas the board authorized a share buyback of 1.5 billion euros to be executed by the top of 2023.
Stellantis is without doubt one of the world’s largest carmakers and is thought for particular person auto manufacturers like Alfa Romeo, Chrysler, Dodge, Fiat, Jeep and Peugeot.
Correction: The headline of this story has been up to date with an correct description for the $4.47 billion dividend.
Source: www.cnbc.com”