The company now expects a preliminary loss of between €19 and €21 billion in the second half of 2025 and has announced that, due to the projected loss for the 2025 fiscal year, it will not distribute a dividend this year.
The stock plummeted on the market, losing more than 23% as of 10:40 AM.
These actions, Stellantis said in a statement, "represent the continuation of the decisive transformations implemented by Stellantis in 2025, which are already yielding the first tangible benefits, including a return to growth in volumes and net revenues in the second half of 2025, increased orders from customers and the network, and improvements in initial quality indicators."
This move follows similar, though smaller, writedowns by competitors such as Ford and General Motors, as many Western automakers are pulling back from battery-powered models in response to policies from the Trump administration and weak demand. For 2026, Stellantis expects net revenues to grow by a 'mid-single digit' percentage.
The automotive group estimated consolidated deliveries for the fourth quarter of 2025 at 1.5 million units, up 9% year-on-year.
As part of this strategy, the Italian-French-American group has also agreed to sell its 49% stake in a Canadian battery manufacturing joint venture to its South Korean partner, LG Energy Solution.
(Stefano Bernabei, editing Antonella Cinelli)
