Stellantis to take $26 billion hit overhauling its business after 'over-estimating the pace of the energy transition'

Stellantis to take $26 billion hit overhauling its business after 'over-estimating the pace of the energy transition'

Published Fri, Feb 6 2026

2:18 AM EST

Updated 1 Min Ago

Key Points

• The 22-billion-euro charge is a reflection of Stellantic over-estimating the pace of the energy transition, Stellantis CEO Antonio Filosa said.

Automaker Stellantis said on Friday it expects to take a roughly 22-billion-euro ($26 billion) hit as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.

"The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers' real-world needs, means and desires," said Stellantis CEO Antonio Filosa in a statement.

"They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new Team."

This is a breaking news story. Please refresh for updates.

Source