2024-02-19 06:55:43 ET
Summary
- Record year for the company with net revenues, net profit, and free cash flow all reaching new highs.
- Introduction of a profitable B-hatchback BEV in the European market at competitive prices.
- Strong growth in BEV and LEV sales, with Stellantis leading in light commercial vehicles and electrified mobility in Europe.
Introduction
Who said automakers can't outperform the market? Everybody may think about Tesla ( TSLA ). And yet, since Stellantis ( STLA ) debuted in early 2021 from the merger of former Fiat Chrysler Automobiles and Peugeot, this underdog has overperformed, trouncing Tesla and beating even the S&P 500 ( SPY ).
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For further details see:
Stellantis: The Turnaround Of A Cinderella Now An Investors' Darling