Stellantis has recorded a heavy earnings hit in the second half of 2025, posting a net loss of €20.1 billion as the group scaled back its electric vehicle ambitions.
The result was in line with the preliminary ranges provided on February 6, when the automaker disclosed multi-billion euro charges linked to a reassessment of its EV strategy. The group also recorded an adjusted operating loss of €1.38 billion for the second half.
Chief executive Antonio Filosa said the 2025 performance reflected “the cost of overestimating the pace of the energy transition,” but maintained the business would return to profitability in 2026.
Asked whether North America and Europe would move back to positive adjusted operating income, Filosa told analysts: “The answer is very easy, it is yes.” He added that order books in both regions finished 2025 at roughly three months of sales.
Stellantis – whose portfolio includes Jeep, Ram, Dodge and Chrysler in North America, and Peugeot, Citroën, Opel, Fiat, Alfa Romeo and Maserati in Europe – has been recalibrating its electrification plans as both the United States and Europe ease EV targets amid softer-than-expected demand.
While the charges underscore the financial pressure facing global automakers navigating the slower transition to battery electric vehicles, market focus quickly shifted to the outlook. Stellantis shares rose more than five per cent in Milan trading following the update, after having fallen around 20 per cent since early February.