Stellantis CEO Reaffirms Company Unity After $26 Billion Restructuring Charge

Automotive giant Stellantis takes major write-down, shifts focus to customer preferences over aggressive EV plans.

Published on Feb. 7, 2026

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Stellantis, the automaker formed from the merger of Fiat Chrysler and Groupe PSA, announced a $26 billion (€22 billion) restructuring charge as it recalibrates its electrification strategy and product plans to better align with current consumer demand. CEO Antonio Filosa cited an 'overestimation' of EV adoption pace, leading the company to pull back on aggressive EV targets and reintroduce V8 engines to some U.S. models. The move comes amid declining market share and investor concerns about Stellantis's direction.

Why it matters

Stellantis's strategic shift reflects broader challenges in the automotive industry as companies grapple with the pace of electrification and the need to balance customer preferences with sustainability goals. The substantial write-down and leadership changes at Stellantis underscore the complexities of transitioning to a new automotive era and the importance of adapting to evolving market conditions.

The details

The $26 billion charge largely stems from Stellantis's 'overestimation' of the pace of electric vehicle (EV) adoption, mirroring similar actions by Ford and GM. In response, the company is pulling back on aggressive EV targets and reintroducing V8 engines to some U.S. models to cater to current market demands. This customer-centric approach is intended to address recent declines in Stellantis's market share, which has fallen from fourth to sixth place in the U.S. between 2021 and 2024.

  • Stellantis was formed in January 2021 through the merger of Fiat Chrysler and Groupe PSA.
  • Stellantis announced the $26 billion restructuring charge on February 7, 2026.
  • Antonio Filosa took over as Stellantis CEO in July 2025, replacing Carlos Tavares.

The players

Stellantis

An automotive giant formed from the merger of Fiat Chrysler and Groupe PSA in 2021, with a portfolio of 14 auto brands including Jeep, Ram, Chrysler, Fiat, and Alfa Romeo.

Antonio Filosa

The current CEO of Stellantis, who took over the role in July 2025 after the departure of Carlos Tavares.

Carlos Tavares

The former CEO of Stellantis, who was ousted in 2025 after disagreements with the board.

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What they’re saying

“The mission is to grow.”

— Antonio Filosa, CEO, Stellantis (newsy-today.com)

What’s next

Filosa plans to provide more detailed information about Stellantis's future plans at an investor day on May 21st.

The takeaway

Stellantis's strategic shift highlights the complexities of transitioning to a new automotive era, as companies must balance sustainability goals with evolving consumer preferences and market realities. The substantial restructuring charge and leadership changes underscore the importance of adaptability in the face of industry-wide challenges.