Stellantis posted a net FY 2025 loss of 22.3 billion euros ($26.3 billion) following its multi-billion EV write-down and corresponding pivot back toward gasoline and diesel models.
The company is following similar write-downs over EV strategies announced by Ford and General Motors after recognizing a much slower uptake by consumers than had been expected.
Net revenues fell 2% down to 153.5 billion euros from 2024 owing to strong foreign exchange headwinds and net pricing declines in the first half of 2025, which were partially offset by higher volume and mix, the company said in its Feb. 26 statement.
Earlier this month, Stellantis announced its move away from EV production in a major reset of its business, resulting in approximately 22.2 billion euros in charges, excluded from adjusted operating income, for the second half of 2025, of which about 6.5 billion euros are cash payments expected to be made over the next four years.
These charges included resetting the product offering and EV supply chain to reflect customer demand and shifting regulations; a change in the estimation process for contractual warranty provisions; and other charges, mainly related to workforce reductions in Enlarged Europe.
Were it not for Stellantis’s EV write-down, its second-half 2025 performance showed a more positive side to the business recording a 11% year-on-year growth in vehicle volumes with consolidated shipments reaching 2.8 million units, an increase of 277,000 vehicles, the company said.
North America provided the strongest boost, adding 231,000 units, a +39% year-on-year increase. Net revenues rose 10% in H2 2025 rose compared with the same period in 2024.
“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,” said Stellantis CEO Antonio Filosa in the company 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.
During a Q&A session with media, Filosa reiterated that Stellantis plans to invest $13 billion into vehicle production in North America over the next four years.
“We see North America as the largest engine for growth in 2026,” he said.
An improvement of the model choice mix in the region is driven by additional light-duty and heavy-duty truck production, “mainly driven by owing to the very high demand for the Hemi V-8 engine,” Filosa said.
