Stellantis Faces First-Ever Annual Loss as EV Strategy Retreat Triggers $26 Billion Hit

Stellantis is expected to report its first annual loss since its formation in 2021 later this week. The company is set to take an asset impairment charge of approximately €22 billion (about $26 billion), driven by a significant scaling back of its electrification strategy. While Stellantis posted a €500 million profit in the first half of 2025, it now forecasts an adjusted operating loss of €1.2–1.5 billion for the second half of the year. New CEO Antonio Filosa stated that the company expects to return to profitability in 2026. His predecessor, Carlos Tavares, stepped down at the end of 2024 amid mounting performance pressures. Like automakers General Motors and Ford, Stellantis is facing substantial financial repercussions from slowing its electric vehicle transition.