Stellantis Logs $26B Loss, CEO Earns $6.3M; Leapmotor EV Deal Under Fire
Stellantis paid CEO Antonio Filosa $6.3 million for six months in 2025 as the company posted a $26 billion net loss driven by its pivot back to internal combustion. In Canada, former diplomat Michael Korvig and Premier Doug Ford criticized Stellantis’ Leapmotor EV partnership, fearing Chinese EV imports could undermine local competition.
1. 2025 Compensation and Financial Performance
Stellantis paid CEO Antonio Filosa $6.3 million for his six months in 2025 after he replaced Carlos Tavares in June. The company swung to a $26 billion net loss that year, driven by its strategic decision to reduce electric vehicle production and refocus on internal combustion engines.
2. Canadian Criticism of EV Partnership
In Canada, former diplomat Michael Korvig and Ontario Premier Doug Ford warned that Stellantis’ partnership with Chinese EV maker Leapmotor could flood the Canadian market with Chinese-built vehicles. They argue this influx may weaken domestic automakers and increase dependence on imported EVs under favorable tariff conditions.