Thursday, March 5, 2026

The cost of believing government bureaucrats and unicorn followers


CEO Antonio Filosa attributed the loss to 'the cost of over-estimating the pace of the energy transition.'

Stellantis is facing a financial reckoning that should send a warning across the global auto industry. 

After betting that the electric vehicle transition would move faster than consumers were ready to follow, the company is now reporting a staggering $26.3 billion net loss for 2025 — driven largely by roughly $30 billion in write-downs tied to scaling back parts of its EV strategy. 

As recently as 2023, some workers received nearly $14,000 in profit-sharing payouts. This year, they received nothing.

For a company that was profitable just a year earlier, the reversal is dramatic. Stellantis’ experience highlights the risks of building product strategies around aggressive electrification timelines shaped by government policy and optimistic forecasts rather than actual consumer demand.

Stellantis, the Amsterdam-based automaker formed in 2021, oversees 14 brands, including Jeep, Dodge, Ram, Chrysler, Fiat, Alfa Romeo, Maserati, Peugeot, and Citroën. With that kind of global footprint, its strategic decisions ripple across workers, suppliers, investors — and ultimately car buyers.

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