来源：21世纪经济报道 全球第四大汽车巨头，突然爆雷！ 当地时间2月6日，全球第四大汽车制造商Stellantis集团（STLA.US）美股开盘后股价大幅下挫，盘中一 度跌超26%，截至收盘跌23.79%。此前，该公司在法国市场的股价（STLAP.PA）一度暴跌近30%，当 日收跌25.24%。 222亿欧元的组成主要分为三部分：其中147亿欧元用于根据客户偏好重新调整产品计划及美国新排放法 规，主要反映了对纯电动车产品的预期大幅降低。21亿欧元与电动汽车供应链规模调整相关，涉及电池 制造能力的合理化措施。另有54亿欧元，涉及公司运营的其他变动，其中41亿欧元为通胀上升和质量恶 化导致的合同保修估算变更，13亿欧元的其他费用为欧洲扩大地区裁员相关。 Stellantis首席执行官安东尼奥·菲洛萨在声明中表示，此次计提的巨额支出，主要缘于公司此前高估了能 源转型的推进速度，导致产品布局偏离了消费者的实际需求、消费能力与市场意愿，同时也反映出过往 运营执行层面的问题，而新管理团队正逐步解决这些遗留问题。 菲洛萨强调，未来Stellantis仍将坚守电动汽车研发前沿，但电动化转型节奏将"由市场需求而非主观规 划主导 ...

Core Viewpoint - Stellantis, the world's fourth-largest automotive manufacturer, has reported significant financial losses and announced substantial transformation costs, leading to a sharp decline in its stock prices [1] Group 1: Financial Performance - Stellantis announced a massive transformation expenditure of $26 billion (approximately €22.2 billion or ¥180.4 billion) [1] - The company anticipates a preliminary loss of €19 billion to €21 billion (approximately ¥155 billion to ¥172 billion) for the second half of 2025 [1] Group 2: Market Reaction - Following the announcement, Stellantis's stock price fell over 26% during intraday trading, closing down 23.79% in the U.S. market [1] - In the French market, Stellantis's shares experienced a nearly 30% drop, ultimately closing down 25.24% [1] Group 3: Company Background - Stellantis is a multinational automotive manufacturer formed by the merger of France's PSA Group and Italy-American Fiat Chrysler Automobiles (FCA), owning 14 brands including Jeep, Maserati, Peugeot, and Citroën [1]

来源：每日经济新闻 全球第四大汽车巨头，突然爆雷！ 当地时间2月6日，全球第四大汽车制造商Stellantis集团（STLA.US）美股开盘后股价大幅下挫，盘中一 度跌超26%，截至收盘跌23.79%。此前，该公司在法国市场的股价（STLAP.PA）一度暴跌近30%，当 日收跌25.24%。 计提超1800亿元巨额转型支出 CEO：高估了能源转型的推进速度 公开资料显示，Stellantis集团是由法国标致雪铁龙集团（PSA）与意大利-美国菲亚特克莱斯勒集团 （FCA）合并成立的跨国汽车制造商，旗下拥有Jeep、玛莎拉蒂、标致、雪铁龙等14个品牌。作为全球 第四大汽车集团，Stellantis在2024年营收达2049.1亿美元，位列《财富》世界500强第28位。 去年下半年预亏超1550亿元 电动化业务收缩，加大在美国投资 另外，斯特兰蒂斯经营业绩也跟着爆雷了。 据其提前公布的2025年第四季度数据，初步预计2025年下半年亏损金额达190亿至210亿欧元（约合人民 币1550亿元至1720亿元）。 当地时间2月6日，Stellantis宣布计提260亿美元（约合222亿欧元，1804亿元人民币）巨额转型支 ...

计提超1800亿元巨额转型支出 CEO：高估了能源转型的推进速度 当地时间2月6日，Stellantis宣布计提260亿美元（约合222亿欧元，1804亿元人民币）巨额转型支出。 每日经济新闻消息，全球第四大汽车巨头，突然爆雷！ 当地时间2月6日，全球第四大汽车制造商Stellantis集团（STLA.US）美股开盘后股价大幅下挫，盘中一度 跌超26%，截至收盘跌23.79%。此前，该公司在法国市场的股价（STLAP.PA）一度暴跌近30%，当日收跌 25.24%。 | | | Stellantis | | | | | --- | --- | --- | --- | --- | --- | | | | STLA US 空 | | | | | 昌 7.260 | 7.450 昨收 9.540 量比 5.13 | | | | | | 代 | 7.030 4.68% | | 市值 209.72亿 换 | | | | -2.280 -23.90% 开 | 7.160 市盈™ 亏损 额 6.72 Z | | | | | | 同在版 帮 能 | 异动解读: 计提巨额费用+股息暂停+电动车... ● × | | | | | ...

Core Viewpoint - Stellantis, the world's fourth-largest automaker, has paused its electric vehicle (EV) business expansion due to multiple pressures including changing global EV market demand, rising cost pressures, and increased competition, leading to a significant stock price drop of over 20% [2][4]. Group 1: Financial Adjustments - Stellantis announced a comprehensive restructuring of its business, resulting in a total asset write-down of €22.2 billion [2][4]. - The majority of the write-down, amounting to €14.7 billion, is allocated for adjusting product plans to align with customer preferences and new U.S. emission regulations, reflecting a substantial reduction in expectations for pure electric vehicle products [4][6]. - Additional write-downs include €2.1 billion related to adjustments in the EV supply chain and €5.4 billion in other costs, with €4.1 billion linked to increased warranty reserves due to quality issues and €1.3 billion related to restructuring costs in Europe [4]. Group 2: Business Strategy Changes - Stellantis is systematically reducing its electric vehicle business footprint, including exiting its joint venture with LG Energy Solution in Canada, where LG will acquire Stellantis's 49% stake in NextStar Energy [7][9]. - The company has also discontinued several pure electric vehicle models, including halting production of the RAM 1500 electric pickup in the U.S. and delaying the Alfa Romeo electric vehicle project in Europe [10]. Group 3: Market Context and Competitor Actions - Stellantis is not alone in scaling back its EV business; Ford also announced a reduction in its electric vehicle plans, which is expected to result in a $19.5 billion loss, including the cessation of the F150 Lightning electric pickup production [11]. - Stellantis anticipates a loss of approximately €19 billion to €21 billion in the second half of 2025, prompting the suspension of its 2026 dividend and plans to raise up to €5 billion through hybrid bond issuance to maintain its balance sheet [12]. Group 4: Sales Performance and Projections - In 2024, Stellantis sold 2.4215 million vehicles in Europe, marking a decline of 5.99% compared to the previous year, and expects a 3% decrease in U.S. sales for 2025, projecting sales of 1.2603 million vehicles [14]. - The company aims for a low single-digit percentage growth (5%-7%) in net income and a low single-digit growth (1%-4%) in adjusted operating profit margin for 2026 [13].

Group 1 - Stellantis, the world's fourth-largest automotive manufacturer, experienced a significant stock price drop, with a decline of 23.79% in the US market and 25.24% in the French market on February 6 [1][2] - The company announced a massive restructuring charge of $26 billion (approximately €22.2 billion or ¥180.4 billion), primarily due to overestimating the pace of energy transition and misalignment with consumer demand [3][4] - The restructuring charge consists of three main components: €14.7 billion for product plan adjustments and new emission regulations, €2.1 billion related to electric vehicle supply chain adjustments, and €5.4 billion for other operational changes [4] Group 2 - Stellantis anticipates a loss of €19 billion to €21 billion (approximately ¥155 billion to ¥172 billion) in the second half of 2025, leading to the suspension of dividends for 2026 and plans to raise up to €5 billion through hybrid bond issuance [6][7] - The company is scaling back its electric vehicle business, including the cancellation of the Ram 1500 electric pickup, while simultaneously increasing investments in the US market, with a planned investment of $13 billion (approximately ¥90 billion) over the next four years [7] - Stellantis has improved its market share in the US to 7.9% by the second half of 2025 and maintains a strong position in the European market, indicating a recovery in overall sales [8]

美东时间2月6日，因宣布大规模收缩电动车业务并计提高达222亿欧元的资产减记，全球第四大汽车制 造商Stellantis集团（STLA.US）美股开盘后股价大幅下挫，当日收盘跌23.79%。此前，该公司在法国市 场的股价（STLAP.PA）一度暴跌近30%，当日收跌25.24%。 2026.02.07 本文字数：953，阅读时长大约2分钟 作者 |第一财经 葛慧 第四大汽车集团，Stellantis在2024年营收达2049.1亿美元，位列《财富》世界500强第28位。 微信编辑| 格蕾丝 业务重整导致Stellantis在2025年下半年计提约222亿欧元的费用，其中包括约65亿欧元的现金支付，预 计将在未来四年内完成。受资产减记影响，Stellantis预计2025年下半年净亏损190亿至210亿欧元。 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com 222亿欧元的组成主要分为三部分：其中147亿欧元用于根据客户偏好重新调整产品计划及美国新排放法 规，主要反映了对纯电动车产品的预期大幅降低。21亿欧元与电动汽车供应链 ...

Core Viewpoint - Stellantis Group announced a significant restructuring of its electric vehicle (EV) business, leading to a substantial asset write-down of €22.2 billion, resulting in a sharp decline in its stock price [3][4]. Group 1: Financial Impact - Stellantis is expected to incur a net loss of €19 billion to €21 billion in the second half of 2025 due to the asset write-down [3]. - The €22.2 billion write-down consists of three main components: €14.7 billion for product plan adjustments and new emission regulations, €2.1 billion related to EV supply chain adjustments, and €5.4 billion for other operational changes [3]. - The company plans to issue hybrid bonds to raise up to €5 billion to maintain financial stability and has decided to suspend dividend payments for 2026 [4]. Group 2: Strategic Changes - Stellantis is shifting its strategy to prioritize consumer preferences over previous aggressive transformation goals, reflecting a recognition of the slower-than-expected pace of energy transition [4][5]. - The company has canceled unprofitable products, including the planned Ram 1500 electric pickup, to better align with customer demand and regulatory changes in the U.S. [4]. - Stellantis will sell its 49% stake in the Canadian battery company NextStar Energy, fully exiting the project as part of its strategic contraction [4]. Group 3: Market Position - Stellantis is the fourth largest automotive manufacturer globally, with projected revenues of $204.91 billion in 2024, ranking 28th on the Fortune Global 500 list [5].

（原标题：12月份欧盟纯电动汽车销量首次超越汽油车） 爱尔兰RTE新闻1月27日报道，欧洲汽车制造商协会（ACEA）的数据显示，欧盟12月份纯电动汽车销量首次超过汽油车，美国纯电动汽车品 牌特斯拉的市场份额持续下降，被包括中国比亚迪和欧洲销量冠军大众汽车在内的竞争对手蚕食。 欧洲汽车销量连续第六个月实现同比增长，2025年欧洲汽车注册量达到五年来的最高水平，但仍远低于疫情前的水平。 欧洲汽车行业面临诸多挑战，包括来自中国的竞争、美国进口关税，以及难以在盈利的同时满足国内电动汽车普及的相关法规。 欧盟12月份公布了一项计划，放弃原定于2035年生效的燃油车禁令，此举是对陷入困境的汽车制造商呼吁的妥协。分析人士预计，尽管政策 有所放宽，电动汽车仍将获得更多消费者的青睐。 欧洲汽车制造商协会（ACEA）数据显示，12月份欧盟汽车总销量增长5.8%，接近100万辆；全年销量增长1.8%，达到1080万辆。大众和 Stellantis的注册量分别增长10.2%和4.5%。特斯拉的注册量下降了20.2%，而比亚迪的注册量增长了229.7%。 12月份，纯电动汽车、插电式混合动力汽车和混合动力汽车的注册量分别增长51%、3 ...

美东时间2月6日，因宣布大规模收缩电动车业务并计提高达222亿欧元的资产减记，全球第四大汽车制 造商Stellantis集团（STLA.US）美股开盘后股价大幅下挫，当日收盘跌23.79%。此前，该公司在法国市 场的股价（STLAP.PA）一度暴跌近30%，当日收跌25.24%。 业务重整导致Stellantis在2025年下半年计提约222亿欧元的费用，其中包括约65亿欧元的现金支付，预 计将在未来四年内完成。受资产减记影响，Stellantis预计2025年下半年净亏损190亿至210亿欧元。 （文章来源：第一财经） Stellantis取消了那些无法实现盈利规模的产品，包括此前计划中的Ram 1500纯电皮卡。公司称，这既是 为满足客户需求，也是由于美国监管框架的变化。 此外，Stellantis还宣布了另一项战略收缩的举措，公司将出售与韩国LG新能源合资的加拿大电池公司 NextStar Energy 49%的股权，完全退出该项目。 安东尼奥·菲洛萨表示，未来电动化将 "由市场需求而非主观规划主导"，放弃了此前激进的转型目标。 公开资料显示，Stellantis集团是由法国标致雪铁龙集团（PSA）与意 ...