MILAN—Stellantis made a fast start in its first year after the merger of Fiat Chrysler and Peugeot maker PSA, with the world’s No.4 carmaker reporting profitability and benefits from the combination both ahead of target.
The group said on Wednesday the margin on its adjusted operating profit was 11.8 percent in 2021, above its target of around 10 percent, thanks to strong progress on synergies, which generated around 3.2 billion euros ($3.6 billion) in net cash benefits.
