Stellantis Automotive suffers its first loss in its history, amounting to $26 billion
The American auto giant Stellantis announced today, Thursday, its first annual loss ever, after recording large write-offs of assets in light of its transformation For electric cars.
The multinational group, which owns famous brands such as Jeep, Dodge, Fiat, Chrysler, and Peugeot, recorded a net loss amounting to 22.3 billion euros ($26.3 billion) for the year 2025, compared to a profit of 5.5 billion euros in the previous year.
Stellantis explained that the net loss was affected by asset write-offs worth 25.4 billion euros. billion euros, as the company sharply scales back its electric vehicle strategy.
Despite these results, the company’s shares rose on Thursday after the company’s CEO, Antonio Velosa, spoke about the role of Stellantis’ North American operations in achieving a positive turnaround for the company, including better-than-expected results in the region during the second half of the year.
Velosa stated that the expected growth in North America will be led by the introduction of new products, in addition to increased production of motorized trucks. "HEMI V8". He added that the company’s decision to cancel the production of its plug-in hybrid electric cars will contribute to enhancing profitability.
Stellantis’ results come at a time when companies The automobile industry around the world has decided to reconsider its plans related to electric cars, as giant companies in the automobile industry, such as General Motors, Ford, and Honda, reported incurring billions of dollars in losses from writing off their investments in electric cars in recent months.
This trend confirms the accelerating transformations in the path of complete transformation towards electric cars.
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