Automaker is stronger together amid $26 billion reset
Stellantis CEO Antonio Filosa speaks at an event on November 25, 2025 in Turin, Italy.
Daniele Mascolo | Reuters
DETROIT — Stellantis On Friday, CEO Antonio Filosa said the automaker plans to move forward as a single company amid speculation it would be better to sell the brands or break away after disappointing results.
“Stellantis is a very strong global company that prides itself on having very deep regional groups,” native Italian Filosa told reporters during a media call. he said. “It makes perfect sense to stay together. We want to stay together for many years.”
His comments came just hours after the company announced a 22 billion euro ($26 billion) charge for a business restructuring that includes rolling back electrification plans and reintroducing V8 engines to U.S. models.
Filosa described the actions as “a significant strategic reset of our business model, with the intention of repositioning customer preferences at the center of what we do globally and in every region.” He said the “mission is to grow” after significant declines in market share in recent years.
As of 8:30 a.m. ET, Stellantis shares were down more than 20% in Milan markets and New York premarket trading.
Filosa on Friday did not specifically rule out the possibility of regionally refocusing or narrowing the company’s vast portfolio of 14 auto brands, which includes U.S. brands Jeep, Ram and Chrysler, as well as Italian brands Fiat and Alfa Romeo, which have not performed well domestically.
Shared in Milan and New York, which are on the Stellantis list
“We really want to manage our brands in the sense of providing them with the products and technology that our customers will tell us they want and need, which is now at the heart of our strategic reset,” he said. “This is our core mission.”
Filosa said additional information about the company’s future plans will come at the May 21 investor day.
Friday’s announcement comes just days after Stellantis executives met with the company’s U.S. dealers at the annual National Automobile Dealers Association conference to convey the message that the automaker plans to increase sales across its U.S. brand lineup, according to two dealers who attended the meeting.
26 billion dollar accusation
The majority of the charges announced Friday – 14.7 billion euros ($17.3 billion) – relate to realigning product plans to suit consumer preferences and new emissions regulations in the US
Other charges include 2.1 billion euros ($2.5 billion) for resizing the company’s EV supply chain, 4.1 billion euros ($4.8 billion) for warranty costs and 1.3 billion euros ($1.5 billion) for restructuring its European operations.
The automaker also canceled its 2026 dividend and issued 5 billion euros ($5.9 billion) of non-convertible hybrid bonds.
2026 Jeep Grand Wagoneer
jeep
Fees related to electric vehicles are as follows: General Engines And Ford Motor He announced that similar spending would be in the billions of dollars due to withdrawals in plans for all-electric vehicles.
Ford and GM shares were less affected than Stellantis, which announced lower-than-expected guidance amid years of strategic issues with the company.
Stellantis said it expects a net loss for 2025. For 2026, the auto giant is targeting a mid-single-digit percentage increase in net revenue and a low-single-digit increase in adjusted operating income margin.
“While sales are expected, volume comes in above F ($19.5B) and GM ($7.6B). As a result, we expect shares to trade meaningfully lower today. We continue to believe STLAM has a show-stopping story. In the US, the company has lost significant market share due to overpricing and a perceived lack of product investment,” RBC Capital Markets analyst Tom Narayan said in an investor note on Friday. he said.
past mistakes
Filosa called out the mistakes of former company leaders more on Friday than he has since He replaced Carlos Tavares as CEO in June.
Tavares, who was dismissed in December 2024 due to disagreements with the Stellantis board, reportedly said in a book he wrote last year that the group’s French, Italian and US operations may have to be split due to pressure from key stakeholders.
It’s been just over five years since Stellantis was created in a $52 billion combination of Italian American automaker Fiat Chrysler and France-based Groupe PSA on January 16, 2021.
The merger created the fourth-largest automaker by volume, but the company has faced significant problems in recent years due to its investments in all-electric vehicles, its focus on profits over market share, and cost-cutting efforts that have hurt products.
Stellantis’ global sales under Tavares fell 12.3% to 6.5 million in 2021, the year the company was founded. 5.7 million in 2024. This included 1.3 million vehicles sold in the US during that period, a decline of nearly 27%. The automaker fell from fourth to sixth in U.S. sales, with its market share falling from 11.6% to 8% during that time.
Stellantis’ global market share fell 8.1% in 2020, falling to an estimated 6.1% last year, according to S&P Global Mobility.
