Stellantis Plunges 27% After $26 Billion Loss from Energy Transition Misstep

European automotive giant Stellantis reported a massive impairment charge of approximately $26 billion (around €22 billion) due to business restructuring, causing its shares listed in Europe to plunge 27% in a single day. CEO Antonio Filosa acknowledged that the primary reason for the loss was an overly optimistic forecast regarding the pace of the energy transition. As a result, Stellantis now expects a net loss for fiscal year 2025 and has announced the suspension of dividend payments for 2026. To ease financial pressure, the company plans to issue €5 billion in hybrid bonds. Meanwhile, Stellantis continues to advance its "U.S. investment-driven plan," committing to create 5,000 new jobs in the United States.