Stellantis says its 2020 financial results for PSA and FCA show the newly-combined company making a “flying start” ahead of further details being released.

“These figures demonstrate the financial soundness of Stellantis, bringing together two strong and healthy companies,” said Stellantis CEO, Carlos Tavares.

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“Stellantis gets off to a flying start and is fully focused on achieving the full promised synergies.”

PSA has reported 2020 net result group share at EUR2.2bn (US$2.7bn), with 7.1% automotive adjusted operating margin at EUR3.4bn.

FCA reported full-year net profit at break-even with adjusted net profit of EUR1.9bn.

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