Stellantis shares tumbled on Friday after the carmaker booked charges of around 22.2 billion euros ($26.5 billion) in the second half of 2025, related to the scale-down of its electric-vehicle ambitions.
Shares of the Franco-Italian group fell up to 24% to 6.17 euros in Milan, hovering around their lowest price since May 2020. Its Paris-listed shares were also down 23.9%. If the losses hold, the stock will see its biggest one-day drop on record, as Friday’s losses wipe off more than 5 billion euros from Stellantis’ market capitalisation, according to LSEG data.
Broker Equita said in a note the writedown was well above its initial expectations of more than 2 billion euros. The Milan-listed shares had failed to start trading at market open and were halted momentarily after an initial 14% drop, as Stellantis indicated a preliminary loss of 19-21 billion euros for the second half of 2025 and said it would not pay a dividend this year.
Shares of Exor, Stellantis’ top investor and the holding company of Italy’s Agnelli family, fell nearly 5% and were at the bottom of Amsterdam blue-chip index. Stellantis’ CEO and finance chief will host a call at 1300 GMT to discuss the preliminary results. The carmaker’s full-year report is scheduled to be released on February 26.
