(Reuters) – Carmaker Stellantis has confirmed Wednesday that it expects a double-digit operating profit margin by 2022. The company also said it expected North America sales to rise 3%, in particular in its lucrative U.S. operation.

Carlos Tavares was presenting at the annual general meeting of the carmaker. He stated that the company expected sales to increase or stabilise in all major markets, and that the company will have cash flow positive.