Stellantis, the multinational automotive giant that encompasses iconic brands such as Jeep, Fiat, and Peugeot, reported a record annual loss of 22.3 billion euros ($26.3 billion) for the full year of 2025. This sharp decline comes on the heels of a profit of 5.5 billion euros in the previous year and is largely attributed to significant write-downs totaling 25.4 billion euros as the company re-evaluates its electric vehicle (EV) strategy.
Despite this unprecedented net loss, shares of Stellantis experienced a notable uptick, rising over 4% in both Milan and New York following an optimistic briefing from CEO Antonio Filosa. During the presentation, Filosa highlighted the strong performance of Stellantis’ North American operations, which showed unexpectedly positive results in the latter half of the year. “North America is a very strong growth in volume. … It is very encouraging,” he stated, emphasizing that this region would be the leading contributor to the company’s future profitability.
Filosa outlined plans for sustained growth driven by the introduction of new products and a ramp-up in truck production, especially models sporting Hemi V8 engines. He also pointed out that ceasing production of plug-in hybrid electric vehicles is expected to enhance the company’s profit margins.
The situation at Stellantis reflects broader trends in the automotive industry, where several major car manufacturers, including GM, Ford, and Honda, are re-evaluating their electric vehicle strategies. These companies have disclosed substantial financial charges related to their EV initiatives, indicating a significant recalibration on the path to electrification.
As the automotive landscape shifts, Stellantis intends to navigate these changes strategically, leveraging its strong North American presence to help steer the company toward profitability amid evolving market conditions.