Stellantis, more chips and the US push sales and revenues – Corriere.it

The bottleneck in semiconductor availability widens and Stellantis’ deliveries rise, and consequently revenues. So much so that the group confirms the guidance for 2022 with a double-digit margin. At the end of 2021 the ceo Carlos Tavares, despite the good results (152 billion net revenues) had uttered: If we have been cautious on the growth outlook for the chip crisis we are beginning to see an improvement, but very slow and we it will take some time to return to normal. In the third quarter, the Italian-French big company delivered 1.28 million cars, up 13% on an annual basis, recording a turnover of 42.1 billion (+ 29% compared to the same period of 2021). The increase in volumes and the positive effects of exchange rates also pushed. Specifically, global sales of electric vehicles (the most expensive ones) increased by 41% compared to the third quarter of 2021.

The new Ram

Encouraged by the enthusiastic response to our Ev Days for Dodge and Jeep over the summer and a 41% year-on-year increase in global Bev sales in the third quarter – explains Stellantis CFO Richard Palmer – we are accelerating the implementation of the our electrification roadmap as part of the Dare Forward 2030 strategic plan to meet the growing demand for electric vehicles. We are eagerly preparing to participate in Ces 2023 which will be held in January in Las Vegas, where the Ram 1500 Revolution Bev concept will make its global debut.

Half of the turnover from the USA

The United States remains the goose that lays the golden eggs for Stellantis: here the revenues are worth half of those recorded by the entire group in the third quarter and jumped to 21 billion from 15.5 in 2021. The strong dollar helped by putting the turbocharged deliveries (441 thousand), above all of Dodge Durango, Jeep Compass and Cherokee and the new new Wagoneer and Ram 1500, where the market share is around 10.8%, down 20 basis points. Enlarged Europe remains the second reference market at 13.4 billion, driven by the Fiat 500 and Panda, Peugeot 208 and 308 and Citron C3, but also by the electric 500E and Opel Mokka-e. The EU30 market share of 19.2%, down by 90 basis points on an annual basis. Paradoxically, more deliveries than in the US (538 thousand), but less earnings. Third market is South America: 3.9 billion for 213 thousand registrations (+ 15%) of Fiat Pulse, Jeep Commander and Citron C3. China was bad where the joint venture with Gac was terminated in July: just 48,000 deliveries, the same as in 2021, for 1.1 billion against 949 million in 2021.

The new cars of the Trident

As for the Maserati brand, the new Grecale built in Cassino and launched in June encourages sales, which increased by 14%, together with the Mc20 assembled in Modena. Together they compensate for declines in the Levant and Ghibli in particular in China, India and Asia-Pacific. Six million and six hundred thousand cars delivered for a turnover of 630 million (+ 23%). In 2023, the GranTurismo icon with a Nettuno engine and the GranTurismo Folgore, the first battery-powered Maserati, will return. In mid 2023 it will be the turn of the new Grecale Folgore and therefore of the new GranCabrio, available in models with internal combustion engine and Folgore.