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Stellantis Confirms €22.3 Billion 2025 Loss, Shifts Strategy Toward Hybrids and Combustion

Management attributes the result to EV write-downs after US policy shifts.

Overview

  • The company reported a net loss of €22.3 billion for 2025, driven by €25.4 billion of impairments tied to its electric-vehicle strategy.
  • Adjusted EBIT was a loss of €842 million on €153.5 billion in revenue (down 2%), though the second half showed a 10% revenue rise and 11% higher unit sales.
  • CEO Antonio Filosa said the loss reflects overestimating the pace of the energy transition and announced fewer BEV programs, more combustion and hybrid models, and a production and supply-chain overhaul.
  • Stellantis guided that its vehicle business is not expected to generate positive free cash flow until 2027.
  • Company comments and news reports link the write-downs to weaker US EV demand after President Donald Trump’s policy changes, with roughly €15 billion tied to the US market and the reported loss exceeding the firm’s recent market value.