Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings.
Stellantis, formed in 2021 from the merger of Fiat Chrysler and France’s PSA Peugeot, said net revenue of 179.6 billion euros was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021.
