Stellantis Sets Sights on Return to Profit After Losing Billions of Dollars in EV About-Turn

By Joshua Kirby

Auto company Stellantis said it will work toward returning to profit this year after booking a heavy net loss for 2025.

The Jeep-maker booked a net loss of 22.3 billion euros ($26.34 billion) for 2025 as a result of a major charge it flagged earlier this month. The group early in February said it would book impairments totaling some $26 billion as it rows back major investments in electric vehicles.

The write-down would lead to an adjusted operating loss of around 1.2 billion to 1.5 billion euros for the second half, Stellantis said at the time.

For the year, the group's adjusted operating loss came to 842 million euros, swinging from a profit of 8.65 billion euros in 2024. The adjusted operating margin was negative at minus 0.5%.

Sales for the year fell 2% on year to 153.51 billion euros, hit by currency effects and price declines in the first half of 2025. Still, the second half of the year had a return to growth in revenue as vehicle shipments picked up.

For 2026, Stellantis said it aims for a mid-single-digit percent rise in revenue and a swing to a slightly positive operating margin.

"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," Chief Executive Antonio Filosa said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

February 26, 2026 02:39 ET (07:39 GMT)