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Despite Corona: Opel parent company makes billions in profits

2021-03-03T12:16:47.325Z

The merger partners of the world's fourth largest carmaker Stellantis, Fiat Chrysler and PSA, were in the black last year.



The merger partners of the world's fourth largest carmaker Stellantis, Fiat Chrysler and PSA, were in the black last year.

Paris / Amsterdam - Regardless of the Corona crisis, the Opel parent company PSA and its new merger partner Fiat Chrysler achieved a billion-dollar profit last year.

As both companies announced on Wednesday, the Peugeot manufacturer PSA had a net profit of 2.2 billion euros.

A year earlier, the value was 3.2 billion euros.

The Italian-American group Fiat Chrysler (FCA) achieved an adjusted pre-tax profit of 3.7 billion euros.

PSA and Fiat Chrysler merged in January

PSA and Fiat Chrysler merged in January * to form the fourth largest car manufacturer in the world.

The company with the name "Stellantis" comprises 14 car brands from Europe and the USA such as Opel, Peugeot, Citroën, Jeep, Maserati and Alfa Romeo.

Opel has been owned by the French manufacturer PSA since 2017.

"These figures prove the financial solidity of Stellantis," said the head of the new group, Carlos Tavares.

BMW, Daimler, VW - 2021 could be a fateful year for German car manufacturers

The numbers of other car manufacturers for the crisis year 2020 are eagerly awaited.

The BMW * Group will present its results for 2020 on March 17th.

Just a few weeks ago, the Munich-based carmaker announced that it had sold fewer cars in the past year.

Daimler also sold fewer cars in 2020.

The Stuttgart group plans to become significantly profitable through extensive restructuring.

2021 could also be a fateful year for German car manufacturers.

(dpa / aa)

* Merkur.de is an offer from IPPEN.MEDIA

Source: merkur

All news articles on 2021-03-03

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