Core Viewpoint - Stellantis N.V. will announce its Full Year 2025 Results on February 26, 2026, with a live audio webcast and conference call scheduled for the same day [2][3]. Group 1: Announcement Details - The Full Year 2025 Results will be released on Thursday, February 26, 2026, at 2:00 p.m. CET / 8:00 a.m. EST [2]. - A live audio webcast and conference call will be available for stakeholders to participate in the announcement [2]. - Presentation materials and the related press release will be posted on the Investors section of the Stellantis corporate website at approximately 8:00 a.m. CET / 2:00 a.m. EST on the same day [3]. Group 2: Company Overview - Stellantis N.V. is a leading global automaker with a diverse portfolio of brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys [3]. - The company is focused on providing customers with the freedom to choose their mobility solutions while embracing the latest technologies [3].

Global EV Sales Overview - Global electric vehicle sales in January 2026 reached 1.2 million units, marking a 3% decrease year-over-year and a 44% drop from December 2025 [2] - The decline in sales is largely attributed to a significant downturn in the Chinese market, which is the largest EV market globally [1][4] Regional Performance - North America faced a challenging start to 2026, with EV sales dropping 33% year-over-year, marking the lowest monthly sales since early 2022 due to the expiration of federal EV tax credits [3][7] - In contrast, Europe demonstrated resilience with over 320,000 EVs sold in January, a 24% increase year-over-year despite a 33% decline from December [6] China's Market Dynamics - In China, EV sales fell 20% year-over-year and 55% from December, driven by new policies including a 5% purchase tax on EVs and changes to trade-in schemes [4] - The policy changes have contributed to a more market-driven environment for China's EV sector in 2026, following a challenging year for Tesla in 2025 [5] Emerging Markets - Outside major regions, EV sales nearly doubled in countries like South Korea, Brazil, and Thailand, indicating growth potential in these markets [6]

Core Viewpoint - Stellantis N.V. (NYSE:STLA) has experienced significant stock declines, with a 44% drop over the past year and a 32% decline year-to-date, raising concerns about its financial health and future prospects [1]. Group 1: Stock Performance and Analyst Ratings - Stellantis N.V. shares have decreased by 44% over the past year and 32% year-to-date [1]. - HSBC raised the price target for Stellantis N.V. to EUR 10 from EUR 8.5 while maintaining a Hold rating, suggesting potential benefits from predictability in the automotive sector by 2026 [1]. - Morgan Stanley downgraded Stellantis N.V. from Overweight to Equal Weight, increasing the price target to EUR 9.20 from EUR 8.50, citing concerns over investments and product pipelines negatively impacting margins and financial indicators [1]. Group 2: Financial Challenges - Stellantis N.V. announced a $26.5 billion writedown related to its electric vehicle business, leading to a 20% drop in stock value earlier this month [1]. - Despite concerns about financial stability, Jim Cramer expressed confidence that Stellantis N.V. has sufficient funds to execute its plans [2].

Core Viewpoint - Stellantis N.V. (NYSE:STLA) is considered one of the best undervalued European stocks, despite recent downgrades from Morgan Stanley, which highlighted concerns regarding the company's investments, product pipeline, market share, margins, free cash flow, and leverage [1][2]. Group 1: Company Performance - Morgan Stanley downgraded Stellantis N.V. from Overweight to Equalweight, raising the price target to EUR9.20 from EUR8.50, citing the company's lagging performance in several key areas compared to its peers [1]. - Stellantis has experienced significant underperformance relative to other European automakers, although its product selection is gradually improving, which may lead to gains in the U.S. and other markets [2]. Group 2: Market Position and Strategy - The company's exposure to U.S. markets is seen as a structural long-term benefit, as the U.S. market is expected to remain relatively insulated from competition from China for the foreseeable future [3]. - Stellantis designs, engineers, manufactures, distributes, and sells a range of vehicles and mobility services globally, indicating a broad operational scope [3].

Core Viewpoint - Stellantis, the world's third-largest automotive manufacturer, has reported a staggering loss of over 180 billion yuan in just six months, highlighting the severe challenges faced by traditional automakers in the transition to electric vehicles [4][12][36]. Group 1: Financial Performance and Market Reaction - Stellantis experienced a significant stock price drop, with shares falling nearly 30% in Europe and over 23% in the U.S. following the announcement of its financial losses and strategic restructuring [13][12]. - The company announced a comprehensive strategic retreat from its electric vehicle (EV) business, leading to a non-cash loss of approximately 260 billion yuan [12][38]. - Stellantis's net profit plummeted by 70%, leaving only 55 billion yuan, despite achieving revenues exceeding 200 billion yuan in 2024 [22][24]. Group 2: Strategic Missteps and Industry Context - The rapid decline of Stellantis is indicative of a broader crisis within the European automotive industry, which is struggling with the transition to electric and smart vehicles [8][9]. - Stellantis's CEO acknowledged that the company overestimated the speed of energy transition and misaligned its product offerings with actual consumer demand [38]. - The company has been forced to cut its electric vehicle plans significantly, including halting production of certain models and exiting partnerships [40][42]. Group 3: Competitive Landscape and Market Position - Stellantis, formed through a series of mergers, has struggled to establish a strong competitive position, lacking a single brand that sells over 2 million vehicles annually [35][29]. - The company ranked third in global automotive sales in 2025, with 7.8 million vehicles sold, but faced an 8% decline compared to the previous year [36]. - The automotive market is increasingly competitive, with Stellantis failing to capitalize on growth opportunities in China, leading to a significant loss of market presence [33][32].

Group 1 - The core strategy of Stellantis involves reintroducing at least 7 diesel models in the European market, marking a significant shift in response to the challenges faced in the electric vehicle (EV) market [1][2] - This decision contrasts sharply with the broader industry trend of phasing out diesel technology over the past decade, highlighting the structural contradictions faced by European automakers during the transition to electrification [2] - Stellantis aims to leverage its established diesel technology as a "defensive advantage" during the transition period, allowing the company to maintain market share and profitability while developing its electric vehicle product line [2] Group 2 - The reintroduction of diesel models is seen as a response to the slowing sales of electric vehicles, driven by strict emission regulations, weak consumer demand, and competitive pressure from EV manufacturers [1][2] - This strategic adjustment may have broader implications for the European automotive industry, potentially influencing technology choices and capital allocation across the sector [1] - The return of diesel vehicles represents a temporary compromise between the ideal of full electrification and the reality of maintaining profitability in a competitive market [2]

Core Insights - Stellantis N.V. is currently exploring an exit from its US battery joint venture with Samsung SDI, which was established to produce electric vehicle batteries under the StarPlus Energy venture [1][3] - The decision regarding the exit has not been finalized, and Stellantis may consider selling its stake to a third party, although this process could be costly and time-consuming [3][4] - Credit rating agencies S&P Global and Moody's have downgraded Stellantis's long-term credit ratings to the lowest level that still qualifies as investment grade, citing weaker-than-expected profitability and cash flow forecasts for 2025 as key reasons for the downgrades [4][5][6] Financial Performance - S&P Global lowered Stellantis's long-term issuer credit rating from BBB to BBB- with a negative outlook, while Moody's downgraded it from Baa2 to Baa3 but maintained a stable outlook [5] - The downgrades are attributed to significant losses and write-downs related to electric vehicles, including a multibillion-euro charge associated with revising its EV strategy [6] Company Overview - Stellantis N.V. is a Dutch company formed through the merger of Fiat Chrysler Automobiles and Groupe PSA, with a diverse portfolio that includes brands such as Jeep, Ram, Peugeot, Citroën, Fiat, and Maserati [7]

Core Viewpoint - Stellantis N.V. is under investigation for potential violations of federal securities laws following a significant decline in stock value after a major announcement regarding its electric vehicle (EV) strategy and financial performance [1][4]. Group 1: Timeline of Events - On January 31, 2026, Wall Street Zen downgraded Stellantis to Sell, followed by Morgan Stanley's downgrade to Equal-Weight on February 3, citing an "investment lag" [2]. - A report on February 5 indicated Stellantis was seeking European cash to mitigate tariff-related challenges, suggesting cash-flow stress [2]. - The last earnings call was over 90 days old by the time of the February 6 announcement, with no interim updates addressing the deteriorating EV program assumptions that led to a $22 billion charge [2]. Group 2: February 6 Announcement - The February 6 announcement revealed that management had overestimated the pace of EV adoption, leading to a strategic reset that included suspending the 2026 dividend and reviewing the dividend policy [3]. - Following this announcement, shares of Stellantis fell approximately 28% in a single trading session, marking one of the worst trading days in the company's history [3]. Group 3: Investigation Focus - The investigation is centered on whether Stellantis' public communications between the Q3 2025 earnings call and the February 6 disclosure accurately reflected the company's internal understanding of the viability and valuation of its EV assets [4].

Core Viewpoint - The decline in electric vehicle (EV) demand in the U.S. has led to significant financial losses for major automakers, prompting them to write down over $50 billion in EV-related assets due to a 30% drop in fourth-quarter sales [1] Group 1: Sales and Financial Impact - The three major Detroit automakers—General Motors, Ford, and Stellantis—reported a 30% decline in fourth-quarter sales [1] - These companies announced over $50 billion in write-downs related to their electric vehicle assets [1] Group 2: Reasons for Sales Decline - The expiration of the $7,500 federal tax credit has been identified as a key factor contributing to the sales decline [1] - Weak demand, coupled with relaxed energy efficiency requirements and cuts to federal tax incentives, has forced automakers to cancel projects and lay off employees [1] Group 3: Strategic Responses - General Motors is continuing to reduce its electric vehicle production [1] - Ford is shifting its strategy to focus on launching a low-cost electric pickup truck by 2027 [1] - Stellantis has sold its stake in its battery business, citing misjudgments regarding the pace of energy transition [1]

Core Insights - The global automotive sales rankings for 2025 have been released, showing significant changes in positions among the top manufacturers, although no new entrants have appeared in the top 10 [1][2][3] Group 1: Toyota Motor Corporation - Toyota has retained its position as the global sales champion for the sixth consecutive year, achieving a 4.6% year-on-year growth in group sales [4] - In 2025, Toyota's global sales reached approximately 10.54 million vehicles, with North America contributing about 2.93 million vehicles (up 7.3% year-on-year) and China contributing around 1.78 million vehicles (up 0.2%) [6][7] - Despite challenges from U.S. tariffs and the rise of new energy vehicles in China, Toyota has shown resilience, although its electric vehicle sales remain low at only 1.9% of total sales [8][11] Group 2: Volkswagen Group - Volkswagen remains the second-largest automaker globally, with a slight decline of 0.5% in total sales to 8.98 million vehicles in 2025 [12][13] - The European market saw a 4.5% increase in sales, while the Chinese market experienced an 8% decline [13] - Volkswagen's electric vehicle sales grew significantly, with 983,100 units sold (up 32% year-on-year), increasing its share to 10.9% of total sales [15][16] Group 3: Hyundai Motor Group - Hyundai maintained its third position globally with a slight increase of 0.6% in sales, totaling 7.27 million vehicles [23] - The U.S. market is crucial for Hyundai, contributing 40% of its revenue, and the company plans to expand its production of hybrid models in the U.S. [27][29] - Hyundai aims for a sales target of 7.51 million vehicles in 2026, with more electric models planned [30] Group 4: Stellantis - Stellantis ranked fourth with stable sales of 5.42 million vehicles, but faced significant financial losses due to its electric vehicle transition [31][33] - The company is attempting to adjust its strategy, including partnerships with other manufacturers [35] Group 5: BYD - BYD's sales increased to 4.6 million vehicles in 2025, with overseas sales surpassing 1 million units (up 145% year-on-year) [37][38] - The company is seen as a strong contender in the global market, although it still has a long way to go to catch up with established giants like Toyota and Volkswagen [42][43] Group 6: General Motors - General Motors sold 4.51 million vehicles in 2025, with North America being its largest market, contributing 2.85 million vehicles [46][49] - The company is under pressure from its electric vehicle transition and reported significant financial losses [49][50] Group 7: Ford - Ford's sales reached 4.4 million vehicles, with strong performance in the U.S. market, where it sold over 2.2 million vehicles [51][54] - The company plans to launch multiple electric models to enhance its competitive edge [56] Group 8: Geely Holding Group - Geely moved up to the eighth position globally with a sales increase of 26% to over 4 million vehicles [58][60] - The group includes various brands and has a significant share of electric vehicle sales, indicating strong growth potential [66][67] Group 9: Honda - Honda's sales declined to 3.52 million vehicles, continuing a downward trend from the previous year [68][70] - The company faces challenges in the Chinese market, which has significantly impacted its overall performance [71][72] Group 10: Nissan - Nissan's sales fell to 3.1 million vehicles, with a notable decline in the Chinese market [73][75] - The company is focusing on the Americas for growth, as it navigates the challenges of the electric vehicle transition [75] Conclusion - The gap between the top four automakers and the rest is widening, indicating stronger competitive advantages for leading companies [76] - The automotive landscape is evolving, with potential shifts in rankings as newer players like BYD and Geely continue to grow [78][80]