Stellantis Hits Speed Bumps on the EV Highway

• Stellantis reports a significant annual loss due to write-downs from scaling back its EV strategy.
• North American operations show promise with increased truck production and better-than-expected results.
• The company suspends its dividend for 2026 and issues hybrid bonds to navigate financial challenges.
• Stellantis focuses on operational efficiencies and commercial strategies to regain profitable growth by 2027.

Houston, We Have a Problem: Stellantis's Unexpected Detour

Alright, people, Agent J here, reporting live from the front lines of the automotive apocalypse, or at least, what feels like it. Stellantis, the mega-corp behind your grandpa's Jeep and your cousin's ridiculously loud Dodge, just announced a net loss of, get this, 22.3 billion euros. That's enough to buy everyone on Earth a decent cup of coffee… twice. Seems like their big bet on electric vehicles hit a pothole the size of Texas. "Men in Black" we deal with aliens, but this, this is a whole different beast.

North America to the Rescue?

But hold up, there's a plot twist worthy of a summer blockbuster. According to CEO Antonio Filosa, North America is where the party's at. Apparently, good ol' American horsepower is making a comeback, with trucks and those glorious Hemi V8 engines leading the charge. Filosa even mentioned canceling plug-in hybrids to boost profitability. Who knew going back to the basics could be so… profitable? Speaking of going back to basics, perhaps they should take a look at California Dreamin' or RV Screamin' Housing Crisis Hits the Road, even companies struggle from time to time.

Walking Back the EV Dream

It's not just Stellantis, though. Seems like the whole auto industry is hitting the brakes on the EV express. GM, Ford, Honda – they're all writing down EV investments faster than I can neuralyze a room full of tourists after a close encounter. Turns out, switching gears to electric isn't as smooth as they thought. As a top-level agent I thought we were on top of these things but clearly we need to be more watchful of the direction global automotive industry is going in.

Blame it on the Energy Transition

Filosa himself admitted they overestimated the speed of this whole "energy transition" thing. He said their focus for 2026 is closing execution gaps and getting back to profitable growth. Sounds like someone needs a crash course in predicting the future… or maybe a really good neuralyzer to forget this whole mess ever happened. This isn't "Men in Black 3" people, we can't just use time travel.

Dividends Suspended, Bonds Issued

In true corporate fashion, Stellantis is suspending its dividend for 2026 and issuing a bunch of hybrid bonds. Translation? They're tightening their belts and looking for cash. But hey, they're still promising a mid-single-digit increase in net revenue by 2026. Let's hope they can pull it off, or we might need to start driving those alien hovercrafts to work. Honestly, I'd prefer the hovercraft.

Solid Finish, Promising Future?

Despite the doom and gloom, Stellantis had a decent second half of 2025, with North America leading the charge. Shipments were up, revenue increased, and they're talking about improved efficiencies and strong brands. Maybe, just maybe, they can turn this ship around. But if they don't, I'm blaming the aliens. It's always the aliens. After all, we are the men in black.