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.

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

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