The newly-formed group had a good first quarter with revenues outpacing the increase in volumes thanks to positive product mix and pricing effects. Market share gains in Europe and the Americas see Stellantis getting cozy amongst the heavyweights of the global car market, even if the semiconductor shortage weighed down on Q1 volumes. Nonetheless, the company remains confident on enduring the worst of the chip crunch (coming in Q2) and confirmed its FY21 guidance.
06 May 2021
Solid Q1 revenues and upbeat FY outlook despite Q2 chip woes
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Solid Q1 revenues and upbeat FY outlook despite Q2 chip woes
The newly-formed group had a good first quarter with revenues outpacing the increase in volumes thanks to positive product mix and pricing effects. Market share gains in Europe and the Americas see Stellantis getting cozy amongst the heavyweights of the global car market, even if the semiconductor shortage weighed down on Q1 volumes. Nonetheless, the company remains confident on enduring the worst of the chip crunch (coming in Q2) and confirmed its FY21 guidance.