Stellantis announced today that, in line with its business reset and ahead of sharing its new strategic plan in May, “it has conducted a thorough assessment of its strategy and related costs required to align the Company with the real-world preferences of its customers.”
The Big Three carmaker reported charges of approximately 22.2 billion euros ($26.5 billion) in the second half of 2025, due to scaling back its electric-vehicle ambitions.
The company stated, “Over the past five years Stellantis has become a leader in electric vehicles and will continue to be at the forefront of their development. That journey continues at a pace that needs to be governed by demand rather than command. Stellantis is committed to being a beacon for freedom of choice, including for those customers whose lifestyles and working requirements make the Company’s growing range of hybrid and advanced internal combustion engine vehicles the right solution for them.”
Stellantis shares fell more than 20% following the spending announcement.
Stellantis CEO Antonio Filosa commented: “The reset we have announced today is part of the decisive process we started in 2025, to once again make our customers and their preferences our guiding star. The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires. They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new Team.”
He added: “We have gone deep into every corner of our business and are making the necessary changes, mobilizing all the passion and ingenuity we have within Stellantis. The positive customer reception to our product actions in 2025 resulted in increased orders and a return to top-line growth. In 2026, our unwavering focus is on closing past execution gaps to build on these early signs of renewed growth. We look forward to sharing the full details of our new strategy at our Investor Day on May 21.”
By CEO NA Editorial Staff
