Stellantis swung to a $23.8 billion net loss in the second half of 2025, its largest half-year deficit in company history. The steep shortfall follows high operating expenses and investment commitments made during the period, signaling a sharp downturn from prior profitability.

In response to the massive loss, Stellantis announced it will scale back electric vehicle development and reallocate resources toward internal combustion engine and hybrid models. Management cited the need to stabilize margins and reorient the product portfolio to improve cash flow and profitability.