Stellantis Posts First-Ever Annual Loss Amid EV Strategy Writedowns
Stellantis NV reported a staggering €22.3 billion net loss for 2025, marking its first annual deficit since the automaker's 2021 formation. The results reflect the automotive industry's growing pains in the electric vehicle transition, with €25.4 billion in writedowns—including €22.2 billion announced in February—dragging down performance.
CEO Antonio Filosa acknowledged strategic miscalculations: "Our 2025 results reflect the cost of overestimating the pace of the energy transition." The company joins Ford, GM and Honda in scaling back EV ambitions, suspending its 2026 dividend and issuing €5 billion in hybrid bonds to shore up liquidity.
Despite the writedowns, underlying operations showed resilience with 10% revenue growth and 11% shipment increases in the second half. The automaker now forecasts positive industrial free cash Flow only by 2027, with €1.6 billion in tariff costs compounding this year's challenges.
