Europe's automakers reaped record profits in 2022

CUPRA Formentor VZ5 — Sales fell by 4 percent at VW's Spanish brands Seat and Cupra, but revenue per vehicle was up because of strong sales of high-margin Cupra models such as the Formentor SUV (shown).

April 01, 2023 07:05 AM

Europe’s biggest automakers posted record profits in 2022 despite largely flat sales and supply chain and logistics problems.

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