Stellantis has just launched electric versions of its popular Ram 1500 pickup truck in the US

Stellantis has reported first half revenues up 12% year on year to EUR98.4bn due to higher unit sales.

Adjusted operating income rose 11% to EUR14.1bn for a 14.4% margin.

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Net profit was up 37% to EUR10.9bn.

BEV and LEV rose 24% to 169,000 units and 28% to 315,000 respectively.

The company repurchased EUR0.7bn in shares in the first half and expects to complete the previously announced EUR1.5bn share buyback programme before the end of 2023.

“We are well-positioned for the remainder of 2023 and beyond,” said CEO Carlos Tavares.

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