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Stellantis Sees Improved Profitability in 2021 After Merger

  • Carmaker expects margin between 5.5% to 7.5% this year
  • Fiat and PSA exceeded guidance for 2020 before closing deal
Carlos Tavares

Carlos Tavares

Photographer: Cyril Marcilhacy/Bloomberg
Updated on

Stellantis NV expects profitability and vehicle sales to improve in its first year of operations following the merger of Fiat Chrysler Automobiles NV and PSA Group.

Adjusted operating income margin should rise to between 5.5% and 7.5%, up from 5.3% last year, Stellantis said Wednesday in a statement. Both Fiat and PSA beat targets for last year.