The Stellantis group earned EUR 47,235 million in the first quarter of the year, 13.9% more than the EUR 41,482 million it invoiced in the same period of the previous year. By region, Stellantis sales in North America increased to EUR 22,772 million in the first quarter of the year, up 10% year-on-year, while sales in Europe amounted to EUR 16,106 million (+10.14% year-on-year) . year). ). Similarly, in the Middle East and Africa, between January and March 2023, the company booked 2,166 million euros, 55% more than the 1,397 million euros in the first quarter of 2022, while in South America it invoiced 3,523 million euros (+19.5 % ), and in China, India and Asia-Pacific EUR 981 million (+5%). Related News standard No Stellantis increases its global electric vehicle sales in Europe by 41% SM The group is also building what they call its “third engine” which consists of South America, Africa, the Middle East, India and Asia Pacific The multinational car company registered 1.47 million vehicles worldwide between January and March of this year, which translates into an increase of 7% compared to the 1.37 million units sold in the same period of 2022. In addition, the delivery of 100 % electric cars increased by 22%. The company has attributed this sales increase to the improvement in its semiconductor supply chain, which has allowed it to increase vehicle deliveries. In the first quarter of the year, Stellantis delivered 509,000 vehicles in the United States (+29% year-on-year), while in Europe it sold 657,000 (+35%), in the Middle East and Africa 83,000 ( +16%), and in South America it sold 191,000 units (+17%), and in China, India and Asia Pacific it registered 28,000 units (+1%). Looking ahead to this year, the company has reaffirmed its earnings forecast, with an adjusted operating margin estimate of “double digits”, while also ending the year with positive industrial free cash flow. Stellantis is focused on executing on the three pillars outlined in the Dare Forward 2030: Care Strategic Plan: Stellantis has underlined its commitment to global gender equality through the adoption of the United Nations Women’s Empowerment Principles. In its progress towards carbon neutrality, the company has signed a binding agreement with Vulcan to develop new geothermal projects aimed at decarbonising the energy mix of its industrial plant in Rüsselsheim (Germany). Tech: Stellantis has maintained a fast pace in transforming electrification. Investments have been announced in Mangualde (Portugal), Eisenach (Germany), Cassino (Italy) and Kokomo (Indiana, USA). The company continues to expand its network of partnerships to ensure the supply of essential battery materials and has signed strategic agreements with McEwen Copper, Terrafame Ltd. and Element 25. Stellantis has also expanded its software engineering and development network to eight centers with a new operation in Gliwice, Poland. Value: Stellantis has taken several actions to support growth in the Middle East and Africa, such as signing a framework agreement with the South African authorities to develop a factory, signing an agreement with Koç Holding to current Tofaş joint venture in Turkey and, in Algeria, the launch of the FIAT brand, which plans to launch six vehicle lines. MORE INFORMATION noticia No DS7 SUV: Premium in plug-in hybrid and all-wheel drive version noticia No Stress, a lousy ally when you travel by car noticia No Spain barely meets its European targets for electric cars New Distribution model will start from mid-2023 in the pilot countries after agreement with the European dealer associations.
Source: La Verdad
I am Mary Fitzgerald, a professional journalist and author of the Today Times Live. My specialty is in writing and reporting on technology-related topics. I have spent the last seven years extensively researching and understanding the field of technology so I can properly inform my readers about developments in this ever-evolving world.
