Automaker Stellantis released its FY2022 results on Wednesday, reporting a record profit for the year.
Stellantis auto brands include Chrysler, Dodge, Fiat, Jeep, and Peugeot. The automaker reported net revenues of €179.6B ($190.4B), up 18% YoY. Net profit was €16.8B ($17.8B), up 26% YoY.
Stellantis reported a 41% increase in EV sales to 288,000 and aims to sell more than 5 million EVs by 2030.
- Following record results in North America, Stellantis announced that eligible U.S. workers represented by the United Auto Workers union would receive profit-sharing payouts of $14,760.
- The company also announced a €1.34 ($1.42) per share dividend payout totaling €4.2B) ($4.45B), subject to shareholder approval.
- The company’s board also approved a €1.5B ($1.6B) share repurchase program to be executed by the end of 2023.
- Stellantis shares were up more than 3% during afternoon trading on Wednesday.
