Stellantis' 2023: Record Profit, Turbulent Year Ahead
TL;DR
Stellantis NV achieved a record $20 billion net profit in 2023, driven by higher pricing and increased revenue of $203.4 billion. Despite production disruptions and decreased U.S. sales, the automaker plans to launch several all-electric vehicles in North America and extend its double-digit margin expectations for 2024. Stellantis also reported positive adjusted operating incomes in all regions, proposed a dividend increase, and announced a share buyback program. The results surpassed those of its Detroit rivals, General Motors Co. and Ford Motor Co.
Topics:businessbusiness-automotive#automotive-industry#business-automotive#electric-vehicles#record-profit#revenue#stellantis
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