A recovery in sales, including in the key US market, helped Stellantis swing back into profit

A recovery in sales, including in the key US market, helped Stellantis swing back into profit

 MARCO BERTORELLO

Global automaker Stellantis -- owner of the Jeep and Fiat brands -- said Thursday it had swung back into profit in the first quarter on rising sales as it fixed manufacturing and operational problems.

The 14-brand group which also include Peugeot and Chrysler posted a net profit of 377 million euros ($440 million) in January through March, compared to a loss of 387 million euros in the same period last year.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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