Peugeot and Fiat owner’s profits rise 26 per cent as carmaker powers ahead with EV strategy

Carmaker Stellantis reported a 26 per cent increase in net profit for the year as the Peugeot owner sought to dominate the electric vehicle (EV) market. Net profits at Stellantis, which produces Citroen, Fiat and Peugeot car brands, rose to €16.8bn (£14.8bn) for 2022, while net revenues jumped 18 per cent to €179.6 billion.  On top of [...]