Stellantis' 2023: Record Profit, Turbulent Year Ahead

Stellantis NV achieved a record $20 billion net profit in 2023, driven by higher pricing and increased revenue of $203.4 billion. Despite production disruptions and decreased U.S. sales, the automaker plans to launch several all-electric vehicles in North America and extend its double-digit margin expectations for 2024. Stellantis also reported positive adjusted operating incomes in all regions, proposed a dividend increase, and announced a share buyback program. The results surpassed those of its Detroit rivals, General Motors Co. and Ford Motor Co.