Stellantis said its net profit jumped 26% in 2022 to almost $18 billion (16.8 billion euros) compared with its 2021 results. The automaker offered a rosy assessment of the past year as well as what’s to come in 2023 as it released its earnings early Wednesday for the year. The company’s guidance for 2023 listed… Continue reading Stellantis said it made $18B in net profit in 2022
Tag: FCA
Stellantis workers to get profit-sharing of $14,760
Stellantis’ UAW-represented workers are set to receive profit-sharing checks this year that could hit $14,760, the largest payout per worker among the Detroit Three automakers. That amount, announced Wednesday, represents an increase from 2022, when the company said checks would total $14,670. At that time, the company said it was the largest profit-sharing amount the… Continue reading Stellantis workers to get profit-sharing of $14,760
Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout
An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.… Continue reading Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout
Bentley to end production of ultra-performance 12-cylinder engine as it transitions to EVs
A staff member checks a Bentayga SUV on the Bentley production line at their factory in Crewe, Britain, December 7, 2022. Phil Noble | Reuters Bentley Motors plans to end production of its 12-cylinder engine next April as the famed luxury carmaker transitions to electric vehicles. The British automaker of ultra-luxury performance cars said the… Continue reading Bentley to end production of ultra-performance 12-cylinder engine as it transitions to EVs
Stellantis outdoes first year with $17.9B profit in 2022
Cost-cutting measures and few discounts fueled the maker of Jeep SUVs and Ram pickup trucks to a $17.9 billion (16.8 billion euro) net profit in 2022, surpassing Stellantis NV’s first-year profits in 2021 by 26%. With a 13% adjusted operating income margin compared to 11.8% a year ago, Stellantis achieved its double-digit margin expectations for the year. Its… Continue reading Stellantis outdoes first year with $17.9B profit in 2022
Stellantis workers could receive $14,760 in profit sharing
Employees of Stellantis NV, maker of Jeep SUVs and Ram pickup trucks, represented by the United Auto Workers could see profit sharing checks next month of $14,760, though some could be more and some less, the automaker announced Wednesday. There are 40,500 eligible workers for the checks. The payout is a less than 1% increase from last year following… Continue reading Stellantis workers could receive $14,760 in profit sharing
@FCA: ‘Last Call’ Countdown: Teaser Video No. 1 — ‘Runnin’ Hyde’
February 22, 2023 , Auburn Hills, Mich. – Dodge is dropping the brand’s first full video teaser ahead of the worldwide reveal of the seventh and final 2023 “Last Call” special-edition model. The teaser, titled “Runnin’ Hyde,” suggests the powerful metamorphosis fueling the core of the ultimate Dodge special-edition vehicle. [embedded content] Dodge will post… Continue reading @FCA: ‘Last Call’ Countdown: Teaser Video No. 1 — ‘Runnin’ Hyde’
@FCA: ‘Last Call’ Countdown: Teaser Video No. 1 — ‘Runnin’ Hyde’
February 22, 2023 , Windsor, Ontario – Dodge is dropping the brand’s first full video teaser ahead of the worldwide reveal of the seventh and final 2023 “Last Call” special-edition model. The teaser, titled “Runnin’ Hyde,” suggests the powerful metamorphosis fueling the core of the ultimate Dodge special-edition vehicle. Dodge will post new video teasers each week… Continue reading @FCA: ‘Last Call’ Countdown: Teaser Video No. 1 — ‘Runnin’ Hyde’
@Groupe PSA: PR Stellantis Approves Share Buyback Program005237
AMSTERDAM – The Stellantis Board of Directors approved a share buyback program of up to €1.5 billion (total purchase price excluding ancillary costs), to be executed on the market with the intent to cancel the common shares acquired through the share buyback program. The shares will be purchased over a period ending December 31, 2023… Continue reading @Groupe PSA: PR Stellantis Approves Share Buyback Program005237
@Groupe PSA: PR Stellantis Employees Rewarded with Record €2 Billion Worldwide Linked to Full Year 2022 Performance005236
€200 million more than for full year 2021, as Stellantis achieved record results in 2022 despite a challenging, supply-constrained year for the industry Stellantis compensation and benefit policy is based on Stellantis’ variable pay and profit sharing plans, reflects the “pay for performance” approach and supports employee commitment AMSTERDAM – Stellantis today announced it will… Continue reading @Groupe PSA: PR Stellantis Employees Rewarded with Record €2 Billion Worldwide Linked to Full Year 2022 Performance005236