Stellantis First-Quarter Sales Rise on New Models, FX Boost
- Automaker says strong pricing helps offset drop in shipments
- Stellantis follows VW, BMW in keeping outlook amid supply woes
A Jeep Grand Cherokee 4xE electric vehicle.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Stellantis NV’s sales jumped in the first quarter on the back of strong vehicle prices and a range of new models like the Jeep Grand Cherokee even as shipments dropped due to supply-chain issues.
The maker of Ram and Fiat brands said net revenue rose 12% to 41.5 billion euros ($44.1 billion), the company said Thursday. Stellantis said positive currency effects also padded out the result while the carmaker stuck to an annual goal of a double-digit margin on adjusted operating income.