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Stellantis Takes €22 Billion Charge for 2025, Scraps 2026 Dividend as Shares Sink

The overhaul follows a misread of electric‑vehicle demand that prompted a costly U.S. product rethink.

Overview

  • Stellantis will book about €22 billion of exceptional charges in 2025, which the company says stem largely from overestimating the pace of electrification.
  • Approximately €14–14.7 billion of the total is tied to revising the product lineup in the United States.
  • The company expects a net loss for 2025 and will not pay an annual dividend in 2026.
  • The board authorized the issuance of up to €5 billion in perpetual hybrid bonds to preserve balance‑sheet strength.
  • Stellantis shares slumped in Paris trading, with double‑digit declines reported, as investors reacted to the reset and as peers Ford and GM also recorded large EV‑related charges; 2025 results are due Feb. 26 and a new strategy is slated for May.