New York, Feb 8, 2026, 05:49 EST — The market is shut.
- Stellantis shares changed hands at $7.28, tumbling 23.8% from the previous close following Friday’s sharp selloff.
- The Jeep maker warned of roughly €22.2 billion in charges for the second half of 2025 and announced it plans to skip its 2026 dividend. 1
- Next up for investors: earnings details on Feb. 26, then a strategy update coming May 21 at Investor Day. 2
Stellantis N.V. took a beating this week, with shares plunging roughly 24% on Friday after the company stunned investors with an unexpected EV strategy overhaul. U.S.-listed shares wrapped up at $7.28. 3
This isn’t just about shifting numbers on a balance sheet. Stellantis flagged about €6.5 billion in actual cash payouts spread over four years, pausing its 2026 dividend and weighing up balance-sheet moves. That includes the green light to issue as much as €5 billion in hybrid bonds. 4
Management wants investors looking ahead to 2026, not dwelling on the write-down. CEO Antonio Filosa told analysts the company is “resetting” both its organisation and EV supply chain to fit “real customer demand.” CFO João Laranjo added: “We expect to be profitable as a group throughout all 2026.” 5
Stellantis pointed to slower-than-expected battery-electric growth as the main driver behind the charges. The automaker detailed the impact: costs from revamping product plans, resizing its EV supply chain, and adjusting warranty provisions. Early numbers for the second half put Stellantis in the red, with a net loss and negative “industrial free cash flow,” meaning its core manufacturing operations burned cash after investments. 4
Stellantis is moving ahead with its battery plans. The automaker announced it’s offloading its 49% stake in NextStar Energy to LG Energy Solution, but will continue sourcing batteries from the Windsor, Ontario facility. “This is a smart, strategic step that supports our customers,” Filosa said. 6
Europe saw more battery drama over the weekend. Automotive Cells Company (ACC), which counts Stellantis, Mercedes-Benz, and TotalEnergies among its owners, has told unions it’s scrapping plans for gigafactories in both Italy and Germany, according to Italy’s UILM metalworkers’ union. The projects, previously on ice, are now dropped, UILM said. 7
The setup’s uneven. Stellantis posted estimated consolidated shipments of 1.5 million vehicles for the fourth quarter of 2025 on Friday, showing a 9% jump from the prior year. North America surged 43%. Europe, though, slipped 4% as light commercial vehicles lagged and competition squeezed the region. 8
The timing of when the reset filters into core profit remains unclear. Stellantis is projecting net revenues to climb by a mid-single-digit percentage in 2026, while adjusted operating margin—a figure excluding exceptional items—is seen landing in low single digits. The company is also looking for a year-over-year gain in industrial free cash flow, aiming to turn that metric positive in 2027. 4
The downside story is straightforward: cash costs hit sooner than anticipated, pricing remains squeezed, and quality plus warranty outlays take longer to settle down. All this while the company is dealing with changing regulation and trade tensions, cutting back on EV programs, and trying to hammer out new supply deals.
Markets are closed for the weekend, so attention shifts to Monday: Will Stellantis shares stabilize, or could the shake-up in EV strategy spill over to sentiment on other traditional automakers facing big electrification costs?
Stellantis’ full-year 2025 results land on Feb. 26. Investors want audited figures, a deeper regional breakdown and specifics on how the company plans to move from its recent reset toward 2026 profit and cash goals. 2
