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Stellantis: quarter revenues + 14%, Jeep launches confirmed

2021-05-05T21:59:51.327Z


Stellantis closed the quarter - the first since the merger between FCA and PSA - with a "solid net turnover growing in all regions". Revenues amounted to € 34.3 billion or € 37 billion on a pro forma basis, up 14%. (HANDLE)


(ANSA) - TURIN, MAY 05 - Stellantis closed the quarter - the first after the merger between FCA and PSA - with "net solid revenue growing in all regions". Revenues are € 34.3 billion or € 37 billion on a pro forma basis, up 14%. Consolidated sales are 1,477,000 vehicles or 1,567,000 on a pro forma basis, up 11%. "For our first quarter since the merger, Stellanits achieves solid revenue thanks to a diversified brand portfolio that generates both increasing volumes and a positive effect and favorable impact of product mixes, despite the negative effects of the global semiconductor crisis"; explains Stellantis, Richard Palmer.


    In the absence of significant lockdowns due to Covid, the group confirms the financial targets for 2021 and expects the car market to grow 8% in North America, 20% in South America and 10% in Enlarged Europe (estimates unchanged compared to the previous forecast).


    The timetable for the models does not change: the production launches of the new Grand Wagoneer / Wagoneer and the new generation of the Jeep Grand Cherokee will be respectively at the end of the second quarter of 2021 and in the third quarter of 2021.


   Electrification Day also confirmed on 8 July . (HANDLE).


Source: ansa

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