Stellantis issues first earnings report, wants higher profits at old FCA

Stellantis financials - earnings - dollars

Stellantis has issued its first earnings report, covering the full year 2020 for FCA and PSA. The latter was considerably more profitable, with Peugeot, Citroën, and Opel bringing in a 7.1% adjusted operating margin in their automotive operations. The second half operating margin hit a record at 9.4%. At FCA, the adjusted earnings before interest … Read more

Canadian sales take a dive

Wrangler Rubicon 392

FCA Canada had a very bad 2020, taking hits almost across the board. As in the USA, the Gladiator, in its first full year, was a bright spot; sales more than doubled, going from 1,950 to 4,481. However, Jeep took a bigger hit in Canada than the USA, dropping by 22% overall; as in the … Read more

Chrysler US sales for a strange 2020

FCA US sales dropped by 17% in 2020, compared with 2019. Every brand but Alfa Romeo fell, with Fiat dropping to less than half of their already poor sales. Ram made it through with the least damage, falling by 11%; by comparison, GM truck sales rose, and Toyota trucks fell by around 3%. The ProMaster … Read more