Core Viewpoint - Stellantis will incur approximately €22.2 billion ($26.32 billion) in charges in the second half of 2025 due to restructuring operations and adjustments in its electric vehicle (EV) strategy [1] Financial Impact - The charges include around €6.5 billion in cash outflows over the next four years, stemming from revised product roadmaps and a scaled-down EV supply chain [1] - Most charges, totaling €14.7 billion, are related to changes in product plans and compliance with US emissions regulations, including €2.9 billion in write-offs for scrapped projects and €6 billion from platform impairments [2] - Preliminary results indicate estimated net revenues of €78 billion to €80 billion, a net loss of €19 billion to €21 billion, and adjusted operating income of minus €1.2 billion to €1.5 billion [6] Strategic Adjustments - The company is shifting towards offering hybrids and internal combustion vehicles alongside battery-electric models, with a $13 billion US investment program over four years and the rollout of 10 new vehicles [3][4] - Stellantis has terminated projects deemed unlikely to reach profitable scale, including the planned Ram 1500 BEV [3] Operational Improvements - The company reported early operating improvements, with second-half 2025 shipments expected to reach 2.8 million vehicles, an 11% increase year-on-year, and a sequential rise in US market share to 7.9% [5] - There have been significant reductions in first-month vehicle faults, with over 50% drops in North America and more than 30% in Enlarged Europe since early 2025 [5] Future Outlook - Looking ahead to 2026, Stellantis anticipates a mid-single-digit percentage increase in net revenues, a low-single-digit adjusted operating margin, and year-on-year progress in Industrial Free Cash Flows [7]

Shares of Stellantis (NYSE: STLA), the global automotive giant that owns former Chrysler brands like Jeep and Ram, fell sharply on Friday after the company announced massive write-offs amid lower-than-expected demand for electric vehicles. As of 1:15 p.m. ET, Stellantis's U.S.-traded shares were down about 24.5% from Thursday's closing price. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the sto ...

Another Detroit automaker is paying a steep price as it pulls back from electric vehicles. Stellantis — the global auto giant behind brands like Jeep, Dodge, Ram, and Chrysler — said Friday that it would take a €22 billion ($26 billion) charge tied to a sweeping reset of its electric-vehicle strategy.It's the largest in a wave of recent EV-related write-downs by major global automakers, bringing the total in charges across the industry to $55 billion. In September, Volkswagen recorded a $3.5 billion charg ...

Core Viewpoint - Stellantis plans to remain unified as a single company despite speculation about potential brand sales or restructuring following disappointing financial results [1][2] Group 1: Company Strategy - CEO Antonio Filosa emphasized the importance of staying together as a strong global company with deep regional groups, indicating a commitment to long-term unity [1] - The company announced a significant restructuring plan involving 22 billion euros ($26 billion) in charges, which includes scaling back electrification efforts and reintroducing V8 engines in U.S. models [1][2] - Filosa described the restructuring as an "important strategic reset" aimed at prioritizing customer preferences and addressing recent declines in market share [2] Group 2: Market Performance - Following the announcement of the restructuring plan, Stellantis shares fell over 20% in both Milan and New York premarket trading [2] - The company has not ruled out the possibility of regionally refocusing or reducing its extensive portfolio of 14 auto brands, which includes underperforming brands like Fiat and Alfa Romeo [3]

加入轩辕同学 ， 成就新汽车人! 设计 | 甄 尤 美 来 源 | T h e D e t r o i t N e w s ， B u si n e ss I n si d e r ， R e u t e rs 编译 | 莫 莉 编辑 | 黄 大 路 在美国底特律的汽车圈，曾经的混合办公正在被打破。 据The Detroit News报道，Stellantis已通知美国员工在2026年3月底前恢复每周五天到岗办公，理由是要把团队重新拉回同一间办公室里，加快沟 通和协作。 Stellantis发言人乔迪·廷森（Jodi Tinson）在声明中称，随着增长战略推进，面对面协作对交付产品与服务很关键。 然而，就在同一座城市，竞争对手仍在坚持混合办公，通用和福特都没有把白领的到岗标准拉到五天，两者目前均维持着每周3至4天的到岗标 准，并未激进地要求全员回归五天制。 在过去的一年多里，Stellantis这家跨国汽车巨头经历了一场剧烈的动荡。 从2024年底CEO唐唯实（Carlos Tavares）的突然离职，到北美市场销量下滑引发的库存压力，再到不得不进行的裁员与产线调整。对于正处于翻 身关键期的Stellanti ...

Core Viewpoint - Stellantis has mandated a return to office (RTO) policy requiring US employees to work on-site five days a week starting March 30, aiming to enhance customer satisfaction and foster innovation [1][2][7]. Group 1: RTO Policy Details - Directors and above must be on-site five days a week from February 16, as per an internal email from Stellantis CFO Joao Laranjo [2]. - The RTO initiative, titled "Back Together We Win," will apply to all employees globally, with specific timings varying by country [3]. - Employees are expected to confirm their on-site working hours with managers and teams [7]. Group 2: Employee Support and Flexibility - While the majority of work hours are expected to be on-site, the company continues to support flexibility in work hours [8]. - Resources available to assist employees during the transition include childcare discounts and access to 10 free counseling sessions annually through an employee assistance program [8]. Group 3: Company Context and Challenges - Stellantis has faced significant challenges, including struggling US sales and underperforming stock compared to rivals Ford and GM [11]. - The company employed nearly 250,000 people globally as of the end of 2024 [9]. - Recent leadership changes include the departure of CEO Carlos Tavares in December 2024, replaced by former Jeep CEO Antonio Filosa [11].

Core Insights - Stellantis presents a potential investment opportunity despite a 35% decline in stock value over the past three years, contrasting with competitors like Ford and General Motors, which have seen gains of 9% and 122% respectively [2][4] - The company is at a crossroads under new CEO Antonio Filosa, who faces the challenge of redefining Stellantis' identity and improving its market position [3][4] Company Strategy - Stellantis has struggled to establish a clear identity post-merger of Fiat Chrysler and PSA Group in 2021, leading to a portfolio of 14 brands with unclear strategic direction [4][5] - The automaker plans to maintain its global structure while investing significantly in its brands, particularly Jeep, Ram, and hybrids, to drive sales and revenue growth [7] - A substantial investment of $13 billion is earmarked for U.S. operations over the next four years, indicating a commitment to revitalizing its market presence [7] Product Development - Jeep is identified as a critical component of Stellantis' strategy, with plans to launch four new or refreshed models, including a new Cherokee, within a year to replace discontinued high-volume products [8]

Core Viewpoint - Stellantis, formed through a $52 billion merger, has underperformed in the stock market, with U.S. shares down approximately 43% over the past five years, indicating investor disappointment since its inception [2][3]. Group 1: Company Performance - Stellantis shares debuted on the New York Stock Exchange on January 19, 2021, and initially saw a rise of up to 74% by March 2024, but faced a downturn following disappointing financial results [3][4]. - The company is currently experiencing a significant decline in sales, particularly in its Jeep and Ram brands, prompting a sales turnaround plan under new CEO Antonio Filosa [5][8]. Group 2: Leadership Changes - Antonio Filosa succeeded Carlos Tavares as CEO in June 2024, following Tavares' abrupt departure amid troubling sales and financial results [4][8]. - Filosa is focused on repairing relationships with U.S. franchised retailers and has made drastic changes to product plans, including reducing prices and shifting priorities away from electrified vehicles [10]. Group 3: Strategic Direction - Filosa believes in maintaining the company's current structure despite speculation about selling off assets or brands, emphasizing a strong strategy for growth if executed well [5][6]. - A meeting with over 200 executives is planned to discuss the company's future direction, including capital markets and company culture [6].

Core Viewpoint - Stellantis CEO Antonio Filosa sees 2026 as a pivotal execution year for the company, which has faced declining market share in recent years [1][2]. Group 1: Company Strategy - Filosa is implementing a turnaround plan that prioritizes the Jeep and Ram brands in the U.S. while reversing many decisions made by his predecessor regarding a focus on all-electric vehicles [1][2]. - The current year is viewed as a "first step" in remaking the company, which was formed through the merger of Fiat Chrysler and PSA Groupe five years ago [2]. - A detailed future strategy will be presented at a capital markets day in the first half of the year, with potential regional refocusing or portfolio adjustments being considered [3]. Group 2: Company Performance - Stellantis' global sales fell 12.3% from 6.5 million in 2021 to 5.7 million in 2024, with U.S. sales collapsing approximately 27% to 1.3 million vehicles during the same period [6]. - The company dropped from fourth to sixth in U.S. sales, with market share decreasing from 11.6% to 8% [6]. Group 3: Company Culture - Filosa emphasizes the importance of building a strong company culture, which includes being customer-focused and fostering teamwork [4][5]. - The next steps in the company's plans will involve a meeting with over 200 executives to discuss capital markets and company culture [4].

Core Viewpoint - Stellantis is shifting its strategy under new CEO Antonio Filosa, prioritizing sales growth over profits by expanding low-margin fleet sales and investing in budget models to regain market share in North America and Europe [1][2]. Group 1: Strategic Changes - Filosa's immediate goal is to exceed conservative analyst expectations for sales and revenue this year, following a significant drop in U.S. sales under the previous CEO [1][2]. - The new strategy includes restarting fleet sales in the U.S., which target rental companies and government agencies, despite their lower profit margins [3][11]. - Filosa is also addressing long-standing issues by evaluating the future viability of Stellantis's 14 brands, including Fiat and Maserati [3][19]. Group 2: Market Performance - Initial results show that Stellantis's North American sales increased by 6% year-over-year in Q3, marking the first growth in eight quarters [2]. - Stellantis's market share in the U.S. has fallen below 8%, a record low compared to 12.5% in 2020 [5]. - The company plans to invest $13 billion in the U.S. market to boost sales and counteract negative impacts from tariffs [10]. Group 3: Long-term Goals and Challenges - Filosa has abandoned aggressive electric vehicle sales targets set by the previous CEO, focusing instead on core brands like Jeep and budget models [8][10]. - The company aims for a long-term adjusted operating profit margin of 6%-8%, although analysts predict it will remain in the low single digits for the next few years [13]. - There is a recognition among major investors that fundamental changes will take years, and they are not pressuring for immediate profit margin improvements [12][15]. Group 4: Brand Integration and Market Strategy - Filosa is assessing the potential consolidation of Stellantis's brands, particularly in Europe where market overlap is significant [19]. - The company faces challenges in regaining market share in Europe due to brand redundancy and competition [19]. - The next few months are critical for Stellantis to demonstrate recovery in the U.S. market, which could provide more time for strategic planning [19].