"Legacy Automaker Achieves Profit on EVs Amid Global Competition"

Stellantis, the owner of Jeep and Chrysler, has announced that it is finally turning a profit on electric vehicles (EVs), marking a significant milestone for legacy automakers. Despite not currently selling any EVs in the US, the company plans to introduce a lineup of EVs in the country this year, including the Fiat 500e. Stellantis aims to position itself differently from other automakers and is committed to full speed on electrification, with plans to bring zero-emissions models from Dodge, Jeep, and Ram to the US. The company reported record profits since its formation in 2021 and is working to bring the profit margins of electrified vehicles closer to those of internal combustion engine vehicles.