Stellantis earnings rise as electric vehicle sales expand

Stellantis earnings rise as electric vehicle sales expand

Summary : AMSTERDAM (AP) — Automaker Stellantis on Thursday reported higher earnings in the first half of 2022 compared with last year, pointing to a nearly 50% increase in global sales of battery electric vehicles.

Stellantis, which was formed last year with the merger of Fiat Chrysler and France’s PSA Peugeot, said net revenue reached 88 billion euros ($89.86 billion), a 17% increase from the first half of last year. Net profit hit 8 billion euros, up 34%.

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