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In 2025, Stellantis recorded the first annual net loss—€22bn—since it was founded in 2021, but H2 still offered reasons to be positive. By Will Girling
Like General Motors and Ford, Stellantis has pivoted sharply away from its investments in electric vehicles (EVs) in light of the US’ changing regulatory environment. The conglomerate’s writedowns in H2 2025 were by far the largest: €25.4bn (US$30bn) in “unusual charges”, which sent down non-adjusted net earnings to a €22.3bn loss for the year—the first time it has finished in the red since its formation in 2021.
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