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Auto giant Stellantis
on Thursday reported its first-ever annual loss after saying it had over-estimated the pace of the energy transition.
The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted a full-year 2025 net loss of 22.3 billion euros ($26.3 billion), compared to full-year profit of 5.5 billion euros a year ago.
The net loss was impacted by 25.4 billion euros in write-downs from last year, Stellantis said, citing a major strategic shift.
