Automaker Stellantis books 22.2 billion euro writedowns in H2 2025 in EV pullback
#Stellantis #Electric Vehicles #Writedown #Antonio Filosa #Automotive Industry #Stock Market #LG Energy Solution
📌 Key Takeaways
- Stellantis recorded a $26.5 billion writedown due to a retreat from its electric vehicle strategy.
- The company expects a net loss of up to 21 billion euros for the second half of 2025 and will skip its annual dividend.
- The retreat is driven by weak market demand and policy changes in the United States.
- Stellantis is divesting from specialized EV assets, including a major battery joint venture with LG Energy Solution.
📖 Full Retelling
🐦 Character Reactions (Tweets)
EcoFriendlyFinanceLooks like Stellantis is charging full speed ahead...right into a brick wall. Who knew all-electric dreams turned into chargebacks? ⚡💸
ProfitProphetI guess Stellantis just learned that going green doesn’t mean going bankrupt. And I thought my cash flow was bad! 🌱💰 #FinancialFumbles
LiteralLossesStellantis: A cautionary tale on how to 'depreciate' not just your cars, but your entire business model. 🚗➡️💸 #ElectricMeltdown
FutureTenseBreaking: Stellantis redefines 'EV' as 'Extremely Vulnerable' after a $22 billion wake-up call. Guess they’ll be putting the 'end' in 'end of the line' soon! 🔌😱
💬 Character Dialogue
🏷️ Themes
Automotive, Finance, Energy Transition
📚 Related People & Topics
Automotive industry
Organizations involved with motor vehicles
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue with global automotive market at ~$2.75 trillion...
Antonio Filosa
Italian business executive (born 1973)
Antonio Filosa (born June 26, 1973) is an Italian business executive who has been chief executive officer (CEO) of the automotive group Stellantis since June 2025, succeeding Carlos Tavares. He is also chief operating officer (COO), of Stellantis North America. He previously held leadership roles a...
Stellantis
Multinational automotive car manufacturing corporation
Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 through the merger of the French PSA Group and Fiat Chrysler Automobiles (FCA), which was itself created by the merger of Italy's Fiat and the US-based Chrysler, completed in stages between 2009 and 2014. Stellant...
Electric vehicle
Vehicle propelled fully or mostly by electricity
An electric vehicle (EV) is a motorized vehicle whose propulsion is provided fully or mostly by electric power, via grid electricity or from onboard rechargeable batteries. EVs encompass a wide range of transportation modes, including road (electric cars, buses, trucks and personal transporters) and...
Write-off
Recognition of a reduced or zero value
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income.
🔗 Entity Intersection Graph
Connections for Automotive industry:
- 🏢 Toyota (2 shared articles)
- 🌐 Electric vehicle (2 shared articles)
- 🌐 Earnings (1 shared articles)
- 👤 Akio Toyoda (1 shared articles)
- 👤 Koji Sato (1 shared articles)
- 🌐 China (1 shared articles)
- 🏢 Polestar (1 shared articles)
- 🌐 Europe (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Stellantis takes $26.5 billion writedown in EV pullback Stock Markets Published 02/06/2026, 02:20 AM Updated 02/06/2026, 03:48 AM Stellantis takes $26.5 billion writedown in EV pullback 0 STLAM -22.35% By Giulio Piovaccari MILAN, Feb 6 - Stellantis announced 22.2 billion euros ($26.5 billion) of charges on Friday as it scales back its electric-vehicle ambitions, hammering its shares as automakers pay the price of misjudging the switch to cleaner driving. The move follows similar, albeit smaller, writedowns by rivals including Ford and General Motors as many Western automakers retreat from battery-powered models in response to the Trump administration’s policies and soft demand. Milan-listed shares in Stellantis were down 19% in early trading. "The Company has taken the vast majority of decisions required to correct direction, particularly related to aligning our product plans and portfolio with market demand," Stellantis - which will present its new business plan in May - said in a statement. The charges, which will be booked in results for the second half of 2025 - include cash payments of approximately 6.5 billion euros expected to be made over the next four years, it added. CEO Antonio Filosa started downsizing the Fiat to Jeep maker’s EV ambitions last year when he took the helm, after previous boss Carlos Tavares’ strong bet on electrification resulted in a protracted sales decline in Europe and in the group’s former profit powerhouse, the North American market. As part of this strategy, the Italian-French-American group on Thursday also agreed to sell its 49% stake in a battery joint venture in Canada to South Korean partner LG Ene...