Stellantis N.V. officials revealed the company lost $26.3 billion last year, much of it due to a massive $29.9 billion charge it took as part of a strategic “reset” it began in the second half of 2025.
“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,” says Antonio Filosa, CEO of Stellantis CEO.
The CEO told investors in a release that the changes already are beginning to bear fruit, referencing an 11 percent increase in global vehicle shipments in the second half of 2025. The results were even more impressive in the North American market, which saw a 39 percent jump during the period.
“In the second half of the year we began to see initial, positive signs of progress with the early results of our drive to improve quality, strong execution of the launches of our new product wave and a return to top line growth,” Filosa notes, adding, “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.”
Overall, the company saw its full-year revenue drop 2 percent to $181 billion and adjusted operating loss of $993 million. However, in the second half of the year, Stellantis saw its revenue rise 10 percent, but the charge resulted in a more than $22 billion loss.
Stellantis offered optimistic guidance for 2026, saying mid-single-digit percent increase in net revenues, a low-single-digit AOI margin, and improved Industrial free cash flow generation year over year. Sequential improvement is also expected from the first half to the second half of the year.
The second half improvement came as a result of substantive changes. Filosa previously noted the company examined every aspect of the business, looking for ways to improve and then implementing changes.
The company eliminated its entire lineup of plug-in hybrids in the U.S., which included the Jeep Wrangler 4xe, Jeep Grand Cherokee 4xe, Chrysler Pacifica PHEV, and more. Additionally, it cut the planned Ram 1500 BEV, making it the second of the Detroit Three automakers to cut an all-electric full-size pickup from its lineup. Ford announced late last year it was cutting the Ford F-150 Lightning but plans to bring it back as an extended-range electric vehicle, or EREV, in 2027.
Additionally, Stellantis brought back some old favorites to its U.S. product portfolio, including the Hemi V8 for the Ram 1500, the gas-powered Dodge Charger SixPack two-door, and the Jeep Cherokee and Compass.
