One of the great problems that the world of global business faces these years, it seems, is being solved.
That’s right, the shortage of chips, the supply complication that came to hamper numerous industries, is slowly beginning to come to an end.
This is indicated by some of the financial reports of the large automakers, a sector highly affected by supply problems for semiconductors, key elements for today’s vehicles.
An example of this can be seen in the Stellantis financial reporta company born from the merger between FCA and PSA (Peugeot-Citroen).
Stallentis revenue grows and chip supply improves
The turnover of the automotive giant Stellantis increased by 29.8 percent in the company’s third fiscal quarter.
The cause: The volume of vehicles sold grew notably thanks to a context of improvements in the supply of semiconductor chipssaid the fourth largest automaker on the planet in a statement this Thursday, November 3.
Stellantis is only behind three industry giants: Volkswagen, Toyota and the Nissan-Renault alliance.
Net income rose to $42.15 billion in the July-September quarter, above analyst expectations of $40.91 billion, according to Reuters polls in wall street.
According to the firm, in addition to the greater number of chips to be installed in cars, the increase in prices helped (inflation did its job) and the increase in the dollar, which in this case generated more benefits.
According to the Stellantis financial report, unit deliveries grew 13.1 percent in the quarter to 1.28 billion units.
At the same time, he confirmed that he still has a forecast of ending the year with a two-digit margin in operating income.
Electric cars
Regarding electrification, Stellantis says its worldwide sales of battery-powered cars grew 41 percent. In total, it sold 68 thousand electric cars.
In March 2022, when the war in Ukraine began, Stellantis planned to present a new comprehensive marketing and business plan to shareholders for 2023. The project is underway and expectations are placed on the hope that the troubled geopolitical front will be cleared. .
Analysts say that beyond the current market conditions, with rising raw materials and inflation headwinds, Stellantis could continue to take advantage of executing this strong synergy in the current year.
The brand’s goal is to save 5 billion dollars by 2024, something that is already 80 percent fulfilled.
Regarding the problems in Ukraine and the potential war in the area, Stellantis clarified that its business in the region is marginal and will not directly affect it.
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