Stellantis Profits Dive 11% In First Quarter Due To Chip Shortages

Stellantis, the new auto group formed from the merger of Fiat Chrysler Automobiles and PSA Group, said first-quarter revenue rose 14 percent to 37 billion euros ($44.5 billion).

Vehicle shipments rose 12 percent to 1.61 million during the quarter, the company said in a statement on Wednesday.

Read Article