A shift in its EV goals appears to have had an economic impact on one of the world’s largest automakers.
Auto giant Stellantis on Thursday reported its first-ever annual loss after booking substantial write-downs amid a major strategic shift. The multinational automaker, which builds models including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted a full-year 2025 net loss of $26.3 billion compared with full-year profit of 5.5 billion euros a year ago.
The net loss was impacted by 25.4 billion euros in write-downs, Stellantis said, as the firm sharply scales back its electric vehicle strategy.
Despite the results, CNBC reported that shares of the company were up Thursday after CEO Antonio Filosa discussed Stellantis’ North American operations leading a turnaround for the company, including better-than-expected results for the region during the second half of the year.
“North America is a very strong growth in volume. … It is very encouraging,” Filosa told investors when discussing its results, according to the network. “This growth will be the largest contributor in the world for Stellantis’ profitability.”
Shares of the company in Milan and New York closed Thursday up by more than 4%.
Filosa said expected continued growth in North America will be led by new products as well as the increased production of trucks with Hemi V8 engines. He also said the company’s decision to cancel its plug-in hybrid electric vehicles will help with profitability.
Stellantis’ results come as carmakers across the globe look to walk back their EV plans. Car giants including GM, Ford and Honda, for example, have all announced billions of dollars in charges to write down EV investments in recent months. The trend underscores the shifting dynamics at play on the road to full electrification.
“Our 2025 full year results reflect the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers’ freedom to choose from the full range of electric, hybrid and internal combustion technologies,” Filosa said in a statement.
“In 2026 our focus will be on continuing to close the execution gaps of the past, adding further momentum to our return to profitable growth,” he added.
