economy
February 26, 2026
Jeep maker Stellantis posts first annual loss in company history after EV writedowns
The results come shortly after the auto giant scaled back its EV ambitions following a major strategic shift.
TL;DR
- Stellantis reported a full-year 2025 net loss of 22.3 billion euros, its first ever.
- The loss was impacted by 25.4 billion euros in write-downs related to scaling back its EV strategy.
- CEO Antonio Filosa highlighted North America's strong performance and expected future profitability contribution.
- The company is canceling plug-in hybrid electric vehicles and focusing on a broader range of technologies.
- Shares of Stellantis rose after the announcement, with the Milan and New York markets showing gains.
- Other automakers like GM, Ford, and Honda are also adjusting their EV plans and taking charges.
- Stellantis suspended its dividend for 2026 and issued hybrid bonds.
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