Stellantis has posted record global profits of €16.8 billion (£14.8bn) for 2022, up 26% on 2021.
This was only its second full year as a company, having been formed from a merger of the PSA Group and Fiat Chrysler Automobiles (FCA).
Stellantis also recorded an 18% increase in net revenue, at €180bn (£158bn) over 2021’s €152bn (£127bn), despite the lingering effects of the pandemic.
Ongoing supply-chain issues (mainly semiconductor chip shortages) hit European production the hardest, with car shipments down 8% on 2021 at 2.6
