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Stellantis NV

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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

Stellantis Benefits From Scale and Manufacturing Efficiencies as It Continues Merger Integration

Business Strategy and Outlook

Stellantis was formed by the merger of Peugeot and Fiat Chrysler, which closed on Jan. 16, 2021. In 2022, chip crisis-affected total unit volume was 6.0 million, while revenue and adjusted operating income were EUR 179.6 billion and EUR 23.3 billion, respectively. Unit sales volume in 2022 makes Stellantis the fifth-largest global automaker behind Toyota at 10.3 million, Volkswagen at 8.0 million, Hyundai/Kia at 6.8 million, and the Renault-Nissan-Mitsubishi alliance at 6.4 million.

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