Milan, Feb 6, 2026, 11:25 CET — Regular session underway.
- Stellantis shares plunged up to 24% in Milan following the group’s announcement of €22.2 billion in charges linked to its EV strategy overhaul.
- The company flagged a preliminary net loss of €19–€21 billion for the second half and announced it won’t be paying a dividend in 2026.
- A management call is scheduled for later Friday, while full-year results will be released on Feb. 26. An investor day is planned for May 21.
Stellantis shares plunged on Friday after the automaker revealed charges of about €22.2 billion ($26.5 billion) linked to scaling back its electric-vehicle ambitions. The stock listed in Milan dropped as much as 24% to €6.17, while U.S.-listed shares slid 6.7% to $9.54 in premarket trading. (Reuters)
This move comes as Stellantis aims to safeguard cash and overhaul its product strategy, facing investor nerves over EV outlays and pockets of weak demand. The company said the charges will hit its second-half 2025 results, involving around €6.5 billion in cash payments spread over the next four years. Its board also approved up to €5 billion in hybrid bonds—debt carrying equity-like traits—with the group expected to close 2025 holding about €46 billion in industrial liquidity. (Stellantis Media)
The fallout rippled through the sector fast. Europe’s auto index dropped 2.4%, while Stellantis halted trading following an early slump, dragging the STOXX 600 down amid volatile sessions. (Reuters)
Stellantis’ pullback also made waves in the battery sector. LG Energy Solution announced it will acquire Stellantis’ 49% stake in the NextStar Energy joint venture in Canada for just $100. The company plans to shift the plant’s focus toward batteries for energy storage systems but will continue to supply EV batteries to Stellantis and other clients. (Reuters)
Stellantis is positioning its recent move as a demand-driven adjustment rather than a full pullback from electric vehicles. CEO Antonio Filosa admitted the charges stem from “overestimating the pace” of the EV transition. The company has scrapped some projects, including the Ram 1500 BEV, as it scales back on battery-electric vehicles (BEVs). Citi analysts pointed out the cost base hasn’t been fully reset yet since factory closures weren’t part of the announcement. (The Guardian)
Volume appears to be picking up, at least according to the numbers. Stellantis put fourth-quarter shipments at 1.5 million vehicles, marking a 9% increase from last year. The gain was driven by a 43% surge in North America and a 1% rise in what it calls Enlarged Europe. (Stellantis)
Investors face ongoing uncertainty around execution as Stellantis releases preliminary, unaudited results. The automaker also warned of significant warranty-related adjustments tied to its broader reset, underscoring that write-downs can eventually impact cash flow and profit margins. (Businessinsider)
Next on the docket, management steps in to steady nerves. Filosa and CFO Joao Laranjo are scheduled to address analysts at 2:00 p.m. CET (8:00 a.m. EST). The full-year 2025 report lands on Feb. 26, with an investor day lined up for May 21 — dates now carrying extra weight for guidance, capital returns, and how deep the EV pullback might go. (GlobeNewswire)
