Stellantis
With 14 brands, Stellantis is the fourth largest car manufacturer in the world.
(Photo: Reuters)
The easing shortage of semiconductors and higher sales prices have given the Opel mother Stellantis a boost. Group sales increased in the third quarter by 29 percent to a good 42 billion euros, as the Italian-French carmaker announced on Thursday.
Stellantis thus exceeded the expectations of analysts, who had expected almost 41 billion euros. Deliveries increased by 13 percent to around 1.3 million vehicles in the period from July to September. The Executive Board stuck to its forecast of a double-digit operating return for the year as a whole.
Chief Financial Officer Richard Palmer said he was confident that Stellantis would be able to produce without significant disruption over the next few months despite the energy crisis. The prerequisite is that the winter is normal.
Stellantis: Logistics problems are slowing down deliveries
The concern about possible impairments in the energy supply has decreased somewhat. However, there is a risk that even small disruptions at suppliers could have a major impact on the completion of the vehicles.
Top jobs of the day
Find the best jobs now and be notified by email.
The total stock of new vehicles from the world’s fourth-largest carmaker with 14 brands has increased since the beginning of the year by 179,000 to 275,000 units. Including dealers, there were 926,000 vehicles in the yards. The company cited logistics problems mainly in the extended region of Europe, to which Stellantis counts 30 countries, as the reason.
There are not enough truck drivers to transport the cars. So Stellantis cannot deliver as many vehicles as ordered. Other manufacturers can hardly meet the demand and earn splendidly. Stellantis only publishes profit figures for the half-year and for the full year.
More: Stellantis lets Jeep joint venture in China go bankrupt