Stellantis Books €22.2 Billion Charge, Posts H2 Loss and Halts 2026 Dividend in EV Strategy Reset

Overview

• Stellantis reported up to €21 billion in losses for the second half of 2025 after recognizing €22.2 billion in charges tied largely to its U.S. EV push.
• To bolster its balance sheet, the automaker suspended its 2026 dividend and outlined plans to raise up to €5 billion through hybrid bonds.
• Shares sank in the mid‑20s percent range following the disclosure, with declines reported in Europe, Italy and New York.
• The charges cover payouts to laid‑off workers, scaled‑back battery capacity and lower EV volume expectations, including a €5.4 billion warranty provision linked to cost inflation and quality issues.
• CEO Antonio Filosa said the reset follows an overestimation of EV demand and prior execution missteps, with a new strategic plan due on May 21.