Chrysler parent Stellantis NV (NYSE: STLA) reported Q3 FY23 net revenue growth of 7% Y/Y to €45.1 billion.
Revenue was led by improved volume and consistent pricing, partially offset by foreign exchange impacts. "Third Engine" revenue grew 25% Y/Y in the quarter.
Total shipments rose 11% Y/Y to 1,427 thousand units, aided by improvement across Enlarged Europe (+11% Y/Y), Middle East & Africa (+102% Y/Y), North America (+7% Y/Y), and South America (+7% Y/Y).
Global BEV sales surged 37% Y/Y, led by Jeep Avenger and accelerating commercial BEV vehicle sales thanks to Citroën ë-Berlingo.
As of September 30, 2023, the total ...