Dodge Maker Stellantis Posts Record Profit, Announces $4.5 Billion Payout to Shareholders

A Stellantis assembly worker works on the interior of a Chrysler Pacifica at the Windsor Assembly Plant in Windsor, Ontario, Canada, on Jan. 17, 2023. Rebecca Cook/Reuters

Car manufacturer Stellantis announced its full-year results on Wednesday, revealing that net profit rose 26 percent to $17.9 billion, the company’s highest annual profit on record.

Stellantis disclosed the record-beating results in a Feb. 22 release, which attributed its financial performance partly on its ability to pass on higher manufacturing costs to customers in a year that saw production input costs soar.