Jeep maker Stellantis posts first annual loss in company history after EV writedowns

Core Viewpoint - Stellantis reported its first-ever annual loss in 2025, attributing it to an overestimation of the energy transition pace and a significant strategic shift [2][4]. Financial Performance - Stellantis posted a net loss of 22.3 billion euros ($26.3 billion) for the full year 2025, a stark contrast to a profit of 5.5 billion euros in the previous year [2]. - The net loss was significantly impacted by write-downs amounting to 25.4 billion euros from the previous year [2]. Strategic Actions - The company has suspended its dividend for 2026 and plans to issue up to 5 billion euros in hybrid bonds [3]. - Stellantis reiterated its forecasts for 2026, expecting a mid-single-digit percentage increase in net revenues and a low-single-digit adjusted operating margin [3]. Management Commentary - CEO Antonio Filosa stated that the 2025 results reflect the costs associated with overestimating the energy transition pace and emphasized the need to reset the business to accommodate customer preferences for various technologies [4]. - Filosa expressed a commitment to closing execution gaps and returning to profitable growth in 2026 [4].