Stellantis Business Reset Strategy Triggers EUR 22 Billion H2 2025 Charges

On February 6, Stellantis N.V. shared an assessment of its Stellantis business reset strategy and the associated financial impact expected in H2 2025, ahead of its full-year 2025 financial results scheduled for February 26. The company also confirmed that communication of its new strategic plan will take place in May.
As part of the Stellantis business reset strategy, the company announced H2 2025 charges of approximately EUR 22 billion. These charges are linked to a comprehensive reassessment of operations, products, and electrification plans. In light of a projected net loss for 2025, Stellantis confirmed that no dividend will be paid in 2026.

Breakdown of H2 2025 Charges Under Stellantis Business Reset Strategy

The EUR 22 billion in H2 2025 charges will be paid over the next four years and reflect significant adjustments across product portfolios, EV supply chains, and operational structures.

• EUR 14.7 billion related to product plan realignment, including EUR 2.9 billion in write-offs for cancelled products, EUR 6.0 billion in platform impairments, and EUR 5.8 billion in projected cash payments tied to lower expectations for BEV products.

• EUR 2.1 billion linked to resizing the EV supply chain, with approximately EUR 0.7 billion in cash payments over four years to rationalize battery manufacturing capacity.

• EUR 5.4 billion associated with other operational changes, including EUR 4.1 billion from revised contractual warranty provisions and EUR 1.3 billion covering additional costs such as workforce reductions in Europe.

Operational Adjustments and Market Performance Trends

Manufacturing, Engineering, and Product Actions

Decisive tactical adjustments implemented during H2 2025 included changes to global manufacturing processes, the hiring of 2,000 engineers primarily in North America, and targeted improvements in product offerings. These actions under the Stellantis business reset strategy contributed to a return to positive volume growth.

Shipment Volumes and Regional Market Share

Consolidated shipment volumes for H2 2025 reached 2.8 million units, representing an increase of 27,000 units, or 11% year-over-year. North America delivered the strongest growth at 39%, while Europe, South America, Middle East & Africa, and China and India & Asia Pacific also reported year-over-year volume gains.
U.S. market share in H2 2025 rose to 7.9%, improving by 60 basis points. In Europe, Stellantis maintained its overall second-place market position and led the all-hybrids segment, the passenger car B-segment, and the light commercial vehicle market. Customer order intake in Europe strengthened through the year, with a 13% increase in H2 2025 and fourth-quarter orders rising 23% year-over-year.