Stellantis Shrugs Off Supply Issues, Slowdown With Rising Profit

Stellantis Shrugs Off Supply Issues, Slowdown With Rising Profit

Stellantis NV expects to overcome supply-chain snarls to extend strong earnings into the second half of the year as the maker of Jeeps and Fiats focuses production on its most profitable models.

Stellantis’s adjusted operating income margin came in at 14.1% in the six months through June, it said Thursday, comfortably beating analyst predictions. The automaker confirmed its forecast for double-digit profitability for the full year.

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