Stellantis sees car price pressure ahead as profit beats forecasts

Fiat, Ram and Peugeot maker Stellantis beat profit forecasts on Wednesday due to strong car prices and greater-than-expected merger benefits, but warned of pricing pressure as industry-wide supply chain problems ease.

Amid strong demand, that shortage has allowed carmakers to raise prices and Stellantis said its full-year 2022 operating profits had jumped 29%, despite a 2% drop in vehicle deliveries.