When new Stellar CEO Antonio Filosa took over the multinational automaker, he knew he was stepping into a big mess. On Friday, February 6, Stellantis’ fourth-quarter and second-half 2025 results showed investors how far the company still has to go to get back on track.
Under former CEO Carlos Tavares, Stellantis laid off American factory workers, reshuffled its C-suite, and forced its American brands to push products that American customers didn’t like.
On the other hand, 52-year-old Filosa said that she is moving the CEO’s office to Detroit, Michigan. Last May, the company announced plans to build a $388 million “megahub” in Van Buren Township, outside Detroit.
But Philosa wasn’t just focused on Stellantis’ American footprint.
On October 8, he turned his attention to the European market and the rest of the world, naming several new lieutenants for operations.
Ralph Giles: Joins Stellantis as Global Head of Design
Emmanuel Capellano: Appointed Head of Expanded Europe and European Brands, in addition to his current role leading Stellantis Pro One
Jean-Philippe learned: Maserati flagship
Herlander Zola: New Head of South America Region, currently Head of Commercial Operations, Brazil, and South America Light Vehicles
Gregoire Oliver: New head of China and Asia-Pacific region, former head of China strategy
On February 6, the new global team assembled by Filosa faced investors for the first time, but markets didn’t like what they heard.
The Ram EV pickup truck championed by the former CEO of Stellantis hasn’t taken off with consumers. Photo by Bloomberg at Getty Images ·Photo by Bloomberg at Getty Images
On February 6, Stellantis shares were down more than 24% at last check after the Jeep, Dodge, and Chrysler parent company revealed it would take a $26 billion (22 billion euro) charge as it rethinks its electric vehicle strategy.
Auto investors should be used to these eye-watering price tags by now, as both General Motors and Ford recently placed 10- and 11-figure price tags on their near-future EV plans, respectively. Still, Stellantis’ cost is far and away between Detroit’s Big 3.
Related: Recent Stellartis recall adds to troubling industry trend
“The tariffs announced today largely reflect the pace of the energy transition, which is moving us away from the real-world needs, means and desires of many car buyers,” said Stellantis CEO Antonio Filosa.
Ford and GM said similar things, but Ford said its EV strategy change would cost $19.5 billion, and General Motors said its new strategy would cost $7 billion. The number of Stellantis is almost four times that amount.
As a result, Stellantis posted a net loss in 2025 and announced that it would not pay a dividend this year, leading to the February 6 stock run.
According to Filosa, poor operational execution from his predecessors is responsible for the company’s current EV situation, and he seems focused on correcting those mistakes.
“We have gone deep into every corner of our business and are making the necessary changes, mobilizing all the passion and talent within Stellantis,” he said. “In 2026, our unwavering focus is on closing past implementation gaps to add further momentum to these early signs of renewed growth.”
RELATED: EV Leaders in Europe Fire Against Ford, Stellantis Pressure Campaign
Stellantis also broke the $26 billion charge by category.
About $3.43 billion was spent on product cancellations. Another $8.3 billion went to fix “vulnerabilities of some platforms.” And $6.85 billion was set aside in expected cash payments over the next four years.
The company spent $2.1 billion on “rationalization of battery production capacity in North America,” $4.84 billion on contract warranties, and another $1.54 billion on workforce reductions.
Under the Biden administration, General Motors and Stellantis faced multimillion-dollar fines for violating emissions regulations.
Last July, Reuters reported that General Motors agreed to pay a $145.8 million fine and forfeit an additional $300 million in emissions credits. It followed a multi-year investigation that found 5.9 million vehicles in the 2012-2018 model years were, on average, emitting 10% more carbon dioxide than GM’s initial compliance reports claimed.
GM also acknowledged that by 2023, its total costs related to emissions compliance were about $450 million.
In 2024, Stellantis paid $191 million in civil penalties for failing to meet fuel economy requirements for 2019 and 2020, following nearly $400 million in fines paid from 2016 to 2019, according to Reuters.
Not only has the Trump administration changed the Corporate Average Fuel Economy (CAFE) rules so that Stellantis doesn’t have to worry about these penalties, but the new government rules also allow Stellantis to invest less in money-losing EVs.
Despite record-setting sales in the first three quarters of the year, Ford lost $1.4 billion in its Model E EV division in the third quarter. It lost $5.1 billion in 2024, after losing $4.7 billion the previous year.
According to Cox Automotive, “Most EVs sell less than 2,000 units per month or 6,000 units per quarter. In the volume-driven business of automotive manufacturing, low volume is the enemy; EV profitability is a distant dream for nearly every automaker.”
Dealers sold 74,835 electric vehicles in the U.S. in October, according to data from Cox Automotive, representing a 48.9% year-over-year decline.
Related: Ex-Stellantis CEO Has Tough Message on Tesla’s Future
This story was originally published by TheStreet on February 6, 2026, where it first appeared in the Automotive section. Add TheStreet as a preferred source by clicking here.
