Stellantis overcame the global chip shortage to record a 12% revenue rise in the first quarter
Maserati unveils its new MC20 super sports car, a key release in a pipeline of new models, including hybrid and full electric ones, in Modena, Italy, September 9, 2020. REUTERS/Flavio Lo Scalzo/FilesStellantis, whose brands also include Citroen, Jeep and Maserati, confirmed its 2022 forecasts for a double-digit adjusted operating income margin, after 11.8% last year, and a positive cash-flow despite supply and inflationary headwinds.
Palmer said it was important for the group to maintain double-digit margins and keep delivering positive cash flows. He said semiconductor supply problems were expected to ease this year with continued improvements in 2023. "But honestly I cannot give a date for when they are solved," he added.
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