Stellantis (STLA) reported a massive charge of 22 billion euros ($25.94 billion) as it resets its EV business. Cash payments of 6.5 billion euros ($7.7 billion) will be paid out over the next 4 years, and charges totalling 14.7 billion euros ($17.34 billion) will be taken against the company’s 2025 second half results, Stellantis said. The charges won’t impact Stellantis adjusted operating income (AOI), however. “The charges announced today largely reflect the cost of over-estimating the pace of the en ...

Core Viewpoint - Stellantis plans to remain unified as a single company despite speculation about potential brand sales or restructuring following disappointing financial results [1][2] Group 1: Company Strategy - CEO Antonio Filosa emphasized the importance of staying together as a strong global company with deep regional groups, indicating a commitment to long-term unity [1] - The company announced a significant restructuring plan involving 22 billion euros ($26 billion) in charges, which includes scaling back electrification efforts and reintroducing V8 engines in U.S. models [1][2] - Filosa described the restructuring as an "important strategic reset" aimed at prioritizing customer preferences and addressing recent declines in market share [2] Group 2: Market Performance - Following the announcement of the restructuring plan, Stellantis shares fell over 20% in both Milan and New York premarket trading [2] - The company has not ruled out the possibility of regionally refocusing or reducing its extensive portfolio of 14 auto brands, which includes underperforming brands like Fiat and Alfa Romeo [3]

Preliminary Financial Results H2 2025 SAFE HARBOR STATEMENT This document, in particular references to "FY 2026 Financial Guidance", contains forward looking statements. In particular, statements regarding future financial performance and the Company's expectations as to the achievement of certain targeted metrics, including revenues, industrial free cash flows, vehicle shipments, capital investments, research and development costs and other expenses at any future date or for any future period are forward-l ...

1. 2月6日(周五)美股盘前，美股三大股指期货均转涨。截至发稿，纳指期货现涨0.51%，标普500指数期货涨0.52%，道指期货涨0.60%，此 前纳指期货一度跌超1.6%。 3. 截至发稿，WTI原油涨1.39%，报71.99美元/桶。布伦特原油涨1.34%，报75.66美元/桶。 | ■ WTI原油 | 2026年3月 | 63.02 | 64.58 | 62.32 | -0.27 | -0.43% | | --- | --- | --- | --- | --- | --- | --- | | 謡 伦敦布伦特原油 | 2026年4月 | 67.37 | 68.82 | 66.87 | -0.18 | -0.27% | 市场消息 今夜无非农，下周"双炸弹"。受此前美国政府停摆影响，美国1月非农报告推迟至2月11日(下周三)21:30公布，1月CPI报告推迟至2月13日 (下周五)21:30公布。双重重磅数据或将引发新一轮市场动荡。 美股常胜策略突然失效!动量交易遭遇历史性回撤：资金从科技撤离，价值股成新宠。多年来，在股市中追涨动量一直是常胜策略，然而 这一策略在过去一周却突然失效。此次动量策略的崩塌，是美 ...

Stellantis Overview - Stellantis (STLA) will incur charges of approximately €22.2 billion ($26.18 billion) for the second half of 2025 due to a reset in its business strategy amid weak demand for electric vehicles [3] - The company's shares fell about 14% in early trading following the announcement of these charges [3] - CEO Antonio Filosa stated that the charges reflect an overestimation of the energy transition pace and previous operational execution issues [3] Financial Implications - The charges will include cash payments of around €6.5 billion ($7.66 billion) to be paid over the next four years, related to cancelled products and adjustments in battery manufacturing capacity [3] - Stellantis announced it will not pay an annual dividend in 2026 as part of its financial restructuring [4]

Core Viewpoint - Stellantis shares are experiencing significant declines following the announcement of a €22 billion ($25 million) charge due to overestimating the speed of consumer transition to electric vehicles [1] Group 1: Financial Impact - Shares of Stellantis fell approximately 22% in Milan trading, following a previous drop of 5.7% on Thursday [1] - U.S.-listed shares are expected to see a similar decline, indicating a substantial market reaction [1] - If these losses persist, it will represent the largest one-day percentage drop for Stellantis shares, according to FactSet data [1]

Group 1 - The core viewpoint of the article indicates that investors had anticipated an asset impairment for Stellantis, which has now been confirmed by the company [1] - Analysts from Citigroup noted that the scale of the impairment, including cash payments, is a significant negative factor, despite being paid in installments [1] - Stellantis announced a comprehensive restructuring of its business and has recorded related asset impairment expenses [1] Group 2 - The company expects to report a net loss in the second half of 2025 and has suspended dividend payments [1] - Citigroup predicts that any potential upside for Stellantis will be linked to capacity reductions, although the company did not announce any factory closures on Friday [1] - Stellantis's stock price fell by 18% to €6.71, with an intraday drop of up to 21% earlier [1]

Core Viewpoint - Stellantis, the world's fourth-largest automaker, is acknowledging a strategic miscalculation with a massive write-down of approximately €22 billion, leading to a comprehensive adjustment of its operational strategy, including exiting battery joint ventures and halting production of electric pickup trucks [1] Group 1: Strategic Adjustments - Stellantis is systematically reducing its electric vehicle (EV) business footprint, including exiting a joint venture with LG Energy Solution in Canada, where it had planned to invest over CAD 5 billion (USD 3.7 billion) in a large EV battery plant [3] - The company has discontinued several electric vehicle models, including the RAM 1500 electric pickup in the U.S. market, and postponed Alfa Romeo's EV projects in Europe, contrasting sharply with the aggressive targets set by former CEO Carlos Tavares [4] - As part of the strategic overhaul, Stellantis has also decided to abandon certain investment projects, including a planned hydrogen joint venture [5] Group 2: Financial Outlook - Stellantis anticipates a net loss of up to €21 billion in the second half of 2025, with an expected full-year operating profit margin in the low single digits, which includes approximately €1.6 billion in tariff-related expenses [6] - To strengthen its balance sheet, Stellantis plans to issue up to €5 billion in bonds as a financial self-rescue measure following significant market share losses [6] - The company is set to release detailed annual financial results on February 26 and plans to present its strategic plan to investors in May [7] Group 3: Leadership and Market Strategy - Since taking over in June last year, CEO Antonio Filosa has been implementing comprehensive reforms aimed at regaining market share while scaling back EV ambitions and addressing U.S. tariff costs [7] - Filosa has committed to investing $13 billion in the U.S. market, reintroducing V8 engines, and delaying EV projects, alongside significant price reductions to capture market share [7]

这笔庞大的支出主要源于管理层承认此前过度乐观地预估了全球电动汽车转型的速度，导致公司战略与 市场实际需求、消费者购买力及基础设施现状产生了严重脱节。Stellantis首席执行官安东尼奥·菲洛萨 (Antonio Filosa)坦言，公司必须通过此次财务上的"断臂求生"来修正过往在电动化道路上的激进扩张， 以应对当前纯电动汽车市场需求放缓带来的库存积压与利润侵蚀。 智通财经APP获悉，由于成本高昂且电动汽车销量疲软，Stellantis NV(STLA.US)将对其业务进行全面整 顿，并为此计提约 220亿欧元(约合 260亿美元) 的费用。此次减记包括约 65 亿欧元的现金支出，福特汽 车(F.US)、通用汽车(GM.US)及其他车企此前亦有类似举措。该公司周五表示，该决定是其计划于 5 月 发布的新战略的一部分。上述费用将于 2025 年下半年计入，作利润表外处理。 战略转型层面，Stellantis正加速由"全电动"愿景向"多能源平衡"策略回归。公司明确表示，未来将不再 盲目追求单一的电动化指标，而是优先考虑盈利能力与消费者的选择自由，这意味着部分利润微薄或无 法形成规模效应的纯电动项目已被取消或无限期 ...

Core Viewpoint - Stellantis shares listed in Milan experienced a trading halt after a significant drop of 14.4% due to the announcement of approximately 22.2 billion euros ($26.5 billion) in charges for the second half of 2025, linked to a reduction in electric vehicle development plans [1] Company Summary - Stellantis reported charges of around 22.2 billion euros ($26.5 billion) for the second half of 2025 [1] - The company is scaling down its plans for electric vehicle development, which has contributed to the financial charges [1] - The trading halt of Stellantis shares was triggered by the 14.4% decline in share price on Friday [1]