Stellantis Reports $26.3 Billion Loss, Pivots Back to Combustion Engines

The parent company of Jeep, Ram, and Alfa Romeo struggles as the U.S. swerves away from EVs.

Published on Feb. 26, 2026

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Stellantis, the parent company of brands like Jeep, Ram, and Alfa Romeo, reported a net loss of $26.3 billion for 2025, attributing it to $29.9 billion in 'unusual charges' as the company struggled with dismal electric vehicle sales and a shift in consumer demand back towards gas-powered vehicles. The company's new CEO, Antonio Filosa, acknowledged the company 'over-estimated the pace of the energy transition' and is now resetting its business around offering customers a full range of electric, hybrid, and internal combustion engine options.

Why it matters

Stellantis' struggles highlight the challenges facing automakers as they navigate the transition to electric vehicles amid shifting consumer preferences and regulatory changes. The company's pivot back towards combustion engines, including the reintroduction of V8s and diesels, signals a broader industry trend as companies like Ford and GM also scale back their all-electric plans.

The details

Stellantis reported net revenues were down 2% from 2024 to $180.8 billion. The company said it would spend billions to reboot its electric vehicle strategy, which had been aggressively pushed by former CEO Carlos Tavares. U.S. sales overall dipped 3% in 2025, with increased demand for gas-powered minivans, trucks, and SUVs offsetting weak sales of electric models like the Jeep Wagoneer S and Dodge Charger. Stellantis also announced the all-electric Ram pickup truck was being discontinued in favor of a version using a gasoline engine as a generator to power electric motors.

  • Stellantis reported its 2025 full year results on February 26, 2026.
  • Antonio Filosa became Stellantis CEO in June 2025, replacing Carlos Tavares.
  • Last month, The Drive reported that none of the Chrysler or Jeep plug-in hybrids would return for 2026.

The players

Stellantis

The parent company of brands like Jeep, Ram, and Alfa Romeo.

Antonio Filosa

The CEO of Stellantis since June 2025, replacing Carlos Tavares.

Carlos Tavares

The former CEO of Stellantis who aggressively pushed an EV strategy across all 14 Stellantis brands.

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What they’re saying

“Our 2025 full year results reflect the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers' freedom to choose from the full range of electric, hybrid and internal combustion technologies.”

— Antonio Filosa, CEO (Stellantis)

What’s next

Stellantis plans to add gasoline engine-powered generator technology to the 2026 Jeep Grand Wagoneer and other large vehicles in North America.

The takeaway

Stellantis' pivot back towards combustion engines, including the reintroduction of V8s and diesels, highlights the broader industry trend as automakers scale back their all-electric plans amid shifting consumer preferences and regulatory changes in the U.S. and Europe.