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Jeep maker Stellantis posts first annual loss in company history after EV writedowns
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Jeep maker Stellantis posts first annual loss in company history after EV writedowns

#Stellantis #Annual Loss #Electric Vehicles #Write-downs #Antonio Filosa #Energy Transition #Hybrid Technology #Automotive Industry

📌 Key Takeaways

  • Stellantis reported first-ever annual loss of 22.3 billion euros in 2025
  • Loss driven by over-estimating energy transition pace and 25.4 billion euros in EV write-downs
  • Company suspended 2026 dividend and issued hybrid bonds to strengthen finances
  • CEO announced focus on 'return to profitable growth' in 2026 with revised strategy

📖 Full Retelling

Auto giant Stellantis, which owns household brands including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported its first-ever annual loss on Thursday, posting a full-year 2025 net deficit of 22.3 billion euros ($26.3 billion) after over-estimating the pace of the energy transition and taking 25.4 billion euros in write-downs following a major strategic shift. The multinational conglomerate's dramatic reversal from a 5.5 billion euro profit in 2024 reflects the challenges faced by traditional automakers navigating the complex transition to electric mobility. The company, which had previously been aggressive in its EV ambitions, has now scaled back those expectations as consumer adoption has proven slower than anticipated globally. Stellantis CEO Antonio Filosa acknowledged that the results reflect 'the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers' freedom to choose from the full range of electric, hybrid and internal combustion technologies.' In response to the financial challenges, the company suspended its dividend for 2026 as previously flagged and issued up to 5 billion euros of hybrid bonds to strengthen its financial position. Despite the significant loss, Stellantis reiterated its 2026 forecasts, projecting a mid-single-digit percentage increase in net revenues and a low-single-digit adjusted operating margin, signaling confidence in a turnaround strategy focused on operational efficiencies and disciplined commercial approaches.

🏷️ Themes

Financial Performance, Electric Vehicle Strategy, Corporate Restructuring

📚 Related People & Topics

Antonio Filosa

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...

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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...

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Electric vehicle

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...

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Original Source
In this article STLA Follow your favorite stocks CREATE FREE ACCOUNT Antonio Filosa attends the presentation of the new Fiat 500 Hybrid at the Stellantis FIAT Mirafiori plant in Turin, Italy, on November 25, 2025. Nurphoto | Nurphoto | Getty Images Auto giant Stellantis on Thursday reported its first-ever annual loss after saying it had over-estimated the pace of the energy transition. The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted a full-year 2025 net loss of 22.3 billion euros ($26.3 billion), compared to full-year profit of 5.5 billion euros a year ago. The net loss was impacted by 25.4 billion euros in write-downs from last year, Stellantis said, citing a major strategic shift. Stellantis said it had suspended its dividend for 2026, as it had previously flagged, and issued up to 5 billion euros of hybrid bonds. It also reiterated its 2026 forecasts, including a mid-single-digit percentage increase in net revenues and a low-single-digit adjusted operating margin. "Our 2025 full year results reflect the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers' freedom to choose from the full range of electric, hybrid and internal combustion technologies," Stellantis CEO Antonio Filosa said in a statement. "In 2026 our focus will be on continuing to close the execution gaps of the past, adding further momentum to our return to profitable growth," he added. Other earnings highlights: Stellantis said it expects positive industrial free cash flow in 2027. The company posted an adjusted operating loss of 842 million euros in 2025, compared to an adjusted operating income of 8.65 billion euros in 2024. Over the second half of 2025, Stellantis it delivered a "solid" performance, noting consolidated shipments came in at 2.8 million units, with North America posting the strongest contribution. Net revenues rose 10% to 79.25 billion euros through...
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