economy
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.