Stellantis Is Benefiting From Scale and Manufacturing Efficiencies as Merger Integration Progresses

Stellantis was formed by the merger of Peugeot and Fiat Chrysler, which closed in the first quarter of 2021 on Jan. 16. In 2021, chip crisis affected pro forma total unit volume was 6.1 million, while revenue and adjusted operating income were EUR 152.1 billion and EUR 18.0 billion, respectively. Pro forma unit sales volume in 2021 makes Stellantis the fourth-largest global automaker behind Toyota at 10.5 million, Volkswagen at 8.6 million, and the Renault-Nissan-Mitsubishi alliance at 7.9 million.