Stellantis, the parent company of the Ram, Jeep, Dodge, Chrysler and Fiat brands, posted robust profit and revenue gains in 2022 along with the largest payout to UAW employees among the Detroit 3 automakers.
The automaker, which doesn't disclose quarterly results under French financial reporting rules, on Wednesday said net profits for the year surged 26 percent to 16.8 billion euros ($17.9 billion) while global revenue rose 18 percent to 179.6 billion euros ($190.9 billion).
North American results paced the company's 2022 gains. Stellantis said North American adjusted operating income rose 23 percent to 13.9 billion euros ($14.8 billion). Revenues surged 23 percent to 85.5 billion euros ($90.9 billion). Deliveries rose 2 percent to 1.86 million vehicles.