The car company Stellantis pulls the ripcord on its electrical strategy and records billions in depreciation. Due to the throttling of development plans for electric cars, charges of around 22.2 billion euros were incurred in the second half of 2025, the French-Italian manufacturer announced on Friday from CEO Antonio Filosa (52). The bottom line is that this will result in a preliminary loss of 19 to 21 billion euros for this period. The shareholders should come away empty-handed: a dividend will not be paid this year. “The company has made the vast majority of decisions necessary to correct direction,” the statement said. The main aim is to adapt the product portfolio to market demand.
The bad news dragged Stellantis shares down by around 23 percent. It was only on Thursday that the shares of the Swedish-Chinese car manufacturer were up after disappointing figures Volvo around fell almost 30 percent. The Stellantis crash also weighed on other auto stocks on Friday.
Stellantis is only worth 19 billion euros on the stock exchange. The share price had already fallen in the first few weeks of the year, and to date the loss in value has amounted to around a third; Since the beginning of 2025, the price has even more than halved. Stellantis will not present the final business figures for the second half of the year and the 2025 financial year until February 26th.
The group includes brands such as Opel, Fiat, Alfa Romeo, Chrysler, Citroën, Peugeot or Maserati. The two largest shareholders are two billionaire families: the Italian Agnelli family with its holding Exor (almost 16 percent) and the French car dynasty Peugeot (almost 8 percent).
With this drastic step, Stellantis is following its US rivals ford and General Motors. They had also said goodbye to their ambitious plans for battery-operated models because of the US government’s policies under Donald Trump (79) and the weak demand for electric cars.
Stellantis CEO Filosa had begun to evaporate the electrical ambitions that his predecessor Carlos Tavares (67) had pushed forward. As a result, the car manufacturer had to contend with a decline in car sales in Europe – but especially in the once profitable market in North America. As part of the realignment, Stellantis is now also selling its stake in a battery plant in Canada to South Korean battery manufacturer LG Energy Solution for a symbolic price of $100.