Stellantis N.V. reported a net loss of €22.3 billion ($26.3 billion) for full-year 2025 on Thursday, its first annual loss since the company was formed in 2021.
The headline number is largely an accounting event, driven by €25.4 billion in charges tied to a strategic reset the company began in the second half of last year. But the results confirm two developments collision repair shops have been tracking: a firm pivot away from battery-electric vehicles in the U.S. market, and a tariff cost burden that is expected to grow in 2026.
EV write-downs signal a clearer ICE and hybrid future for Ram and Jeep
The bulk of the charges stem from Stellantis scaling back its electric vehicle ambitions. Under former CEO Carlos Tavares, Stellantis had pursued an aggressive BEV-first strategy under its Dare Forward 2030 plan. That plan is now effectively abandoned.
CEO Antonio Filosa described the 2025 loss as reflecting “the cost of over-estimating the pace of the energy transition.”
The 2026 product plan makes the pivot concrete. Stellantis is returning to the mid-SUV and ICE muscle-car segments with the new Jeep Cherokee and Dodge Charger SIXPACK, while the Ram 1500 HEMI V8, relaunched in late 2025, is expected to drive North American volume. The company canceled its all-electric Ram 1500 REV in favor of a range-extended version last September.
Stellantis is not alone. Ford announced in December it would take a $19.5 billion write-down and end production of the current-generation F-150 Lightning, pivoting to hybrids and extended-range EVs amid weakening demand following the expiration of the federal $7,500 EV tax credit.
What the OEM pullback means for certification decisions
For shops weighing Stellantis EV certifications, the strategic reset is a practical signal: the brand’s near-term U.S. volume will be weighted heavily toward ICE and hybrid vehicles, not battery-electrics.
But the broader EV picture is more nuanced than the OEM headlines suggest. Mitchell’s latest Plugged-In: EV Collision Insights report, published last week, found repairable BEV claims rose 14% year over year in the U.S. in 2025, even as new EV sales declined.
The installed EV fleet continues to grow, sustaining repair demand regardless of what manufacturers are building now. Mitchell’s data also showed mild hybrid claims climbing, consistent with the direction both Stellantis and Ford are heading with their product plans.
The practical guidance from Mitchell’s vice president of strategy and market intelligence, Ryan Mandell, has been consistent: shops should weigh local EV adoption rates and vehicles in operation when making certification decisions, rather than reacting to individual OEM announcements.
Tariff costs projected to climb in 2026
The earnings report also updates Stellantis’ tariff exposure. The company projects tariff costs will reach €1.6 billion in 2026, up from €1.2 billion in 2025, and says it is actively surveying suppliers to understand exposure across its parts network.
Section 232 tariffs on imported auto parts remain in effect following last week’s Supreme Court ruling, which struck down IEEPA-based tariffs but left the auto parts duties intact.
February sales data could offer the next read
Stellantis said it expects net revenue to grow by a mid-single-digit percentage in 2026, with improvement accelerating in the second half of the year.
As February U.S. vehicle sales figures emerge, they should provide the first concrete sign of whether the Ram and Jeep product reset is starting to generate real volume and what that may mean for shop workloads in the months ahead.
