Stellantis Makes $15 billion in First Year Following Merger

    Stellantis NV posted record results last year, reporting a $15.1 billion net profit in 2021.

    The results show the success of Stellantis, formed in January 2021 when Fiat Chrysler Automobiles NV and Groupe PSA merged. Stellantis reported its full-year and second-half results Wednesday.

    The profits were a 179% increase combined 2020 results.

    Stellantis also unveiled ambitious electrification and software plans in the year, with planned investments through 2025 and strong partnerships announced in battery technology, battery materials and software development.

    “Today’s record results prove that Stellantis is well-positioned to deliver strong performance, even in the most uncertain market environments,” Stellantis NV CEO Carlos Tavares said in a release. “I warmly thank all Stellantis employees across our regions, brands and functions for their contribution to building our new company powered by its diversity. I take this opportunity to also thank the management team for their relentless efforts as we faced and overcame intense headwinds. Together, we are focused on executing our plans as we race to become a sustainable mobility tech company.”

    During 2021, Stellantis launched more than 10 new models, including the Citroën C4, Fiat Pulse, DS 4, Jeep Grand Cherokee, Wagoneer, Maserati MC20, Opel Mokka, Opel Rocks-e and Peugeot 308.

    The company accelerated its low-emission vehicles commercial momentum. Global LEV sales reached 388,000 units, up 160% year-on-year with a number one position for battery electric van sales in EU30.