As a new company formed on 17 January 2021 by the merger of Fiat Chrysler, aka FCA, and Peugeot or PSA, Stellantis today posted what it called record results for 2021 with an adjusted operating margin 11.8% on income of €18.0 billion and €13.4 Billion ($15.2B) Net Profit on a Pro Forma* basis. Given this, net profit almost tripled year-year-on-year.
“Today’s record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments,” said Carlos Tavares, CEO. “I warmly thank all Stellantis employees … for their contribution to building our new company powered by its diversity. I take this opportunity to also thank the management team for their relentless efforts as we faced and overcame intense headwinds. Together, we are focused on executing our plans as we race to become a sustainable mobility tech company,” Tavares concluded. Continue reading
Ukraine – Dialogue And Diplomacy Are Only Way Forward
As the Ukraine war unfolds, IndustriALL Global Union and IndustriALL European Trade Union’s affiliates today called for de-escalation of the conflict and a peaceful solution:
“The current tensions primarily affect ordinary people, disrupting their lives on a daily basis and increasing uncertainty for their future. It is also destabilizing the entire region, adding to the economic and social hardship. IndustriALL Global Union and IndustriALL European Trade Union urge the relevant policy makers from Ukraine, the Russian Federation, the USA, the EU and international organizations to redouble their efforts to focus the process towards one of dialogue and political solutions to ensure a stable peaceful outcome for Ukraine, and to guarantee security for Europe and Ukraine’s neighboring countries. Continue reading →