Paris (France) (AFP) – The car manufacturer Stellantis announced this Friday that it will take a hit of 22 billion euros (about 26 billion dollars) in its 2025 results due to a slower pace of sales of electric cars.

First modification: 02/07/2026 - 17:07

The announcement by this giant, owner of brands such as Jeep, Fiat or Citroen, is the most recent sign of the difficulties that traditional manufacturers face in managing the electric transition from combustion engines.

Of these 22,000 million euros of exceptional costs, 14,700 million correspond especially to the review of the product line in the United States, where the electric car market is stagnating due to less favorable regulations.

"It is a high cost for a strategic 'reset' of our company," Antonio Filosa, the new CEO of Stellantis, explained to the press.

"75% of the costs are linked to strategic assumptions that we must correct, mainly an excess of optimism about the pace of adoption of electrification, especially in North America, but also in Europe," he added.

This announcement caused the price of the Italian-French-American group to plummet, which around 2:00 p.m. (1:00 p.m. GMT) fell 27% on the Paris stock exchange, below 6 euros. In one year, its price was reduced by half.

Stellantis, the fifth largest manufacturer in the world, already suffered a 70% drop in its net profit and a 17% drop in its sales in 2024, registering a net loss of 2.3 billion euros in the first half of 2025.

The exceptional costs announced will mechanically put it in the red for the whole of 2025 and no dividends will be paid, the group told financial analysts.

Stellantis follows the example of the American General Motors and Ford, which in recent weeks announced similar measures linked to the review of their electric vehicle ambitions.

The electric vehicle market in the United States is harmed by the decisions of Donald Trump's administration, which reduced emissions requirements and ended federal aid for the purchase.

© 2026 AFP

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