Stellantis announced a writedown of approximately 22.2 billion euros related to the reorientation of its strategy towards electric vehicles. The move reflects a reduction in focus on all-electric models and a greater priority for conventional hybrids in response to weaker market demand. The announcement was made at the company’s headquarters on Amsterdã, on February 6, 2026.
The company’s shares fell by more than 25% in European trading, reaching their lowest level in more than a decade. The company forecasts a net loss of between 19 billion and 21 billion euros for the second half of 2025, which led to the suspension of dividend payments in 2026. Essas decisions aim to reinforce liquidity and align production with current consumer preferences.
The new executive director, Antonio Filosa, highlighted that the previous pace of energy transition overestimated the rapid uptake of pure electric vehicles. The company is now seeking to balance its portfolio with hybrid options that do not rely exclusively on external charging.
Change in model portfolio
Stellantis has confirmed the discontinuation of several electric and plug-in hybrid models in the North American market. Entre affected vehicles are the Ram 1500 electric pickup truck and PHEV versions of the Jeep Wrangler and Jeep Grand Cherokee.
The company will also stop production of the Chrysler Pacifica Hybrid. Essa decision accompanies the transition to traditional hybrid systems, which combine a combustion engine with electric assistance without the need for a plug.
These changes are mainly concentrated in the Estados Unidos, where regulatory changes and the elimination of federal subsidies have impacted sales projections. The company plans to launch concepts that expand the autonomy of electric vehicles through complementary combustion engines.
Financial impact and liquidity measures
The write-down includes provisions for payments to suppliers and contractual partners, totaling around 6.5 billion euros globally. Desse amount, 5.8 billion refers to commitments over the next four years in the Estados Unidos.
To reinforce its financial position, Stellantis authorized the issuance of up to 5 billion euros in hybrid bonds. The goal is to maintain net liquidity of 46 billion euros available for operations until the end of the year.
Analysts expected much lower charges, around 2 billion euros, which increased the market’s negative reaction. The full results of the exercise will be released on February 26, 2026.
Operational reforms and hiring of engineers
The company plans a broad review of its production management and quality control systems. Mais of 2 thousand engineers will be hired, with an emphasis on América of Norte.
Regional teams will gain greater autonomy for local decisions, aiming to improve customer satisfaction. Essas initiatives are part of an effort to eliminate previously identified operational weaknesses.
Stellantis recorded 43% growth in North American sales in the fourth quarter of 2025. Na Europa, however, saw a 4% decline in the same period.
Planned investments in América of Norte
The company will allocate significant resources to Estados Unidos over the next four years. Cinco new models will be launched on the American market, creating 5 thousand jobs.
These investments represent the company’s largest historical commitment in the country. América of Norte accounts for around 40% of the group’s global revenue.
Models such as Citroën C3, C3 Aircross, Opel Frontera and Fiat Grande Panda maintained positive performance at Europa. Sales of Peugeot, however, showed a significant drop.
Market Reactions and Regional Outlook
Stellantis shares accumulated additional losses in the trading sessions following the announcement. The Italian-French group adjusts assets mainly in the Estados Unidos, where emissions regulations have undergone recent changes.
- Ram 1500 Electric: Discontinued due to revised projections.
- Jeep Wrangler PHEV: replaced by conventional hybrid version.
- Jeep Grand Cherokee PHEV: program interrupted.
- Chrysler Pacifica Hybrid: production ended.
The company maintains its focus on European brands with no additional impacts on factories announced to date. Opel reported that the changes do not affect its operations beyond the model plans already communicated.
Strategic adjustments under new leadership
Antonio The executive emphasized the need to align the offer with the real demands of buyers.
Stellantis operates 14 brands and seeks to recover market share lost in recent years. The transition to conventional hybrids is gaining priority, especially in the North American market.
The company follows global trends of slowdown in the adoption of fully electric vehicles. Regulamentações and regional preferences directly influence portfolio decisions.
Recent performance by region
Sales at América of Norte showed a significant recovery at the end of 2025. The 43% increase in the fourth quarter reflects acceptance of traditional and hybrid models.
At Europa, performance varied between brands. Citroën and Fiat recorded positive results with recent launches.
Peugeot faced greater difficulties, contributing to the overall drop of 4% on the continent. The company continuously monitors consumer preferences in each market.
