Stellantis N.V. accomplished a first since its creation in 2021: it posted a loss. And much like its newly reborn Hemi engines, it was big and showy.
The company lost $26.3 billion in 2025, much of it due to a massive $29.9 billion charge it took as part of a strategic “reset” it began in the second half of 2025. Overall, the company saw its full-year revenue drop 2 percent to $181 billion and adjusted operating loss of $993 million.
“Our 2025 full year results reflect the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers’ freedom to choose from the full range of electric, hybrid and internal combustion technologies,” said Stellantis CEO Antonio Filosa in a release.
Filosa’s moves are already having an impact. In H2 2025, Stellantis’ revenue rose 10 percent, although the special charge resulted in a more than $22 billion loss. The company also saw global vehicle shipments rise 277,000 vehicles to 2.8 million units — an 11 percent increase — in the second half of 2025. The impact was more pronounced in North America, where it jumped 239,000 units, good for a 39 percent jump during the period.
“In the second half of the year we began to see initial, positive signs of progress with the early results of our drive to improve quality, strong execution of the launches of our new product wave and a return to top line growth,” Filosa noted, adding, “In 2026 our focus will be on continuing to close the execution gaps of the past, adding further momentum to our return to profitable growth.”
Stellantis offered optimistic guidance for 2026, saying mid-single-digit percent increase in net revenues, a low-single-digit AOI margin, and improved Industrial free cash flow generation year over year. Sequential improvement is also expected from the first half to the second half of the year.
Filosa offered investors some insight about this possibility early in the month, including possibility of positive impact from the changes, revealing the company examined every aspect of the business, looking for ways to improve and before implementing changes.
The moves include cutting its U.S. portfolio of plug-in hybrids, or 4xe models, which included the Jeep Wrangler 4xe, Jeep Grand Cherokee 4xe, and Chrysler Pacifica PHEV. Additionally, it eliminated the expected Ram 1500 BEV, following Ford’s announcement late last year it was doing away with the Ford F-150 Lightning, which come back as an extended-range electric vehicle, or EREV, in 2027.
Additionally, Stellantis brought back some old favorites to its U.S. product portfolio, including the Hemi V8 for the Ram 1500, the gas-powered Dodge Charger SixPack two-door, and the Jeep Cherokee and Compass.
[Images: Stellantis]
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