New York, Feb 8, 2026, 05:49 EST — Markets remain closed.
- Stellantis dropped 23.8% to $7.28, extending Friday’s sharp selloff.
- Jeep’s parent company flagged about €22.2 billion in charges coming in the back half of 2025, and said it will forgo its dividend for 2026. 1
- Investors are watching for earnings on Feb. 26, followed by a strategy update set for May 21 during Investor Day. 2
Shares of Stellantis N.V. tumbled about 24% on Friday, rattled by a sudden shift in its EV strategy that caught investors off guard. The U.S.-listed stock finished at $7.28. 3
It’s more than an accounting tweak. Stellantis pointed to roughly €6.5 billion in cash payouts over four years, halting its 2026 dividend while it considers balance-sheet options. Among them: approval to issue up to €5 billion in hybrid bonds. 4
Management is steering attention toward 2026 rather than the write-down. CEO Antonio Filosa told analysts the company is “resetting” its organisation and EV supply chain to better match “real customer demand.” CFO João Laranjo said, “We expect to be profitable as a group throughout all 2026.” 5
Stellantis blamed sluggish battery-electric demand for the hit. The company broke it down: expenses tied to overhauling product plans, trimming its EV supply chain, plus tweaks to warranty reserves. Initial results for the back half show Stellantis slipped into the red—net loss, and “industrial free cash flow” also negative. In other words, cash outflow from its core manufacturing ran deeper than investments. 4
Stellantis isn’t backing off its battery ambitions. The company said it’s selling its 49% slice of NextStar Energy to LG Energy Solution, though it plans to keep buying batteries from the Windsor, Ontario site. “This is a smart, strategic step that supports our customers,” Filosa said. 6
Battery tensions flared again in Europe this weekend. Automotive Cells Company (ACC), part-owned by Stellantis, Mercedes-Benz, and TotalEnergies, has informed unions it’s shelving gigafactory projects in Italy and Germany, Italy’s UILM metalworkers’ union said. The union described the ventures as not just paused but canceled. 7
It’s a mixed bag for Stellantis. On Friday, the company reported estimated consolidated shipments of 1.5 million vehicles in the fourth quarter of 2025, a 9% increase from a year earlier. North America lit up the results, climbing 43%. Over in Europe, though, shipments dropped 4%—light commercial vehicles dragged, and heavier competition cut into performance. 8
Exactly when the reset will show up in core profit isn’t spelled out yet. Stellantis sees net revenue rising by a mid-single-digit percentage in 2026. Adjusted operating margin, which strips out exceptional items, is pegged for the low single digits. There’s also a push to boost industrial free cash flow, with the goal of turning that number positive in 2027. 4
Downside risks are piling up: cash costs arrived earlier than expected, prices are still under pressure, and warranty and quality expenses are sticking around longer than hoped. On top of that, the company faces shifting regulations and trade disputes, is scaling back EV initiatives, and remains deep in negotiations over fresh supply agreements.
With markets shut for the weekend, eyes turn to Monday. The question: Can Stellantis shares find their footing, or will changes in the company’s EV approach ripple through sentiment toward legacy automakers grappling with hefty electrification bills?
Stellantis will report its 2025 results on Feb. 26. Shareholders are looking for audited numbers, more detail on regional performance, and clear steps on the company’s shift from its latest reset to hitting 2026 profit and cash targets. 2
