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5d ago

Stellantis Posts €22.3 Billion Annual Loss as EV Overhaul Triggers Massive Write-Downs

The automaker attributes the result to one-time EV charges tied to a pivot toward a broader powertrain mix.

FILE PHOTO: A Stellantis technician works on the chassis of the new hybrid version of the Fiat 500 on the production line inside the Mirafiori plant in Turin, Italy, November 25, 2025. REUTERS/Daniele Mascolo/File Photo
Jeep Wrangler and GC 4xe
© Stellantis Press Photo
Image

Overview

  • Stellantis booked about €25.4 billion of unusual EV-related charges tied to canceled or resized programs, supply-chain changes, and quality remediation.
  • The board suspended the 2026 dividend and authorized up to €5 billion in hybrid bonds to strengthen liquidity.
  • Management pointed to second-half stabilization, with net revenue up 10% and global shipments up 11% year over year.
  • The company reaffirmed 2026 guidance for mid-single-digit revenue growth and a low-single-digit adjusted operating margin, with industrial free cash flow targeted to turn positive in 2027.
  • Restructuring steps include selling its 49% stake in NextStar Energy, planning exits from some battery JVs, reintroducing ICE and hybrid models in North America, and canceling 2025 profit-sharing for UAW-represented workers.