Automaker Stellantis (STLA) has reported its first-ever annual loss after booking large write-downs on its electric vehicles (EVs).
The company, which makes vehicle brands Jeep, Dodge, Fiat and Chrysler, posted a full-year 2025 net loss of 22.3 billion euros ($26.3 billion U.S.).
That compares to a 2024 profit of 5.5 billion euros.
Management blamed the annual loss on 25.4 billion euros in write-downs as the company scaled back its electric vehicle strategy due to tepid consumer demand.
Stellantis is one of several vehicle manufacturers that has pulled back its electric vehicle plans, along with General Motors (GM) and Ford (F).
Owing to the mounting losses, Stellantis recently announced that it has suspended its dividend for 2026.
Along with its latest financial results, the automaker reiterated its 2026 guidance that calls for a mid-single-digit percentage increase in revenues and a low-single-digit operating margin.
Stellantis estimates its tariff expenses will reach 1.6 billion euros in 2026 and expects positive industrial free cash flow in 2027.
STLA stock has decreased 42% over the last 12 months to trade at $7.71 U.S. per share.
