Stellantis posted a net loss of €22.3 billion for 2025 as the Canadian government pressed its demand for hundreds of millions in subsidy repayments.
The annual loss, filed with the U.S. Securities and Exchange Commission on Thursday, reflected €25.4 billion in charges the company attributed to a strategic reset. Two years ago, Stellantis had recorded a $20 billion profit. CEO Antonio Filosa (pictured) said the results reflected "the cost of over-estimating the pace of the energy transition." The company suspended its 2026 dividend and said it expects a return to positive free cash flow by 2027.
The loss means Stellantis's roughly 43,000 UAW-represented workers in the United States will receive no profit-sharing checks this year — the first time since 2011. Workers received nearly $14,000 two years ago. Colleagues at Ford and GM are set to receive $6,780 and $10,500 respectively. UAW President Shawn Fain said in a statement that it was "a damn shame that autoworkers continue to pay the price for horrible mismanagement at Stellantis," adding that the company had spent $8.3 billion on Wall Street payouts in 2024 alone.
The financial results arrived as the Canadian government's dispute with Stellantis over the closure of its Brampton, Ontario, assembly plant entered a critical phase. Ottawa and the province of Ontario provided more than C$1 billion to Stellantis to retool the plant in exchange for production commitments. Stellantis shifted that production to Illinois. In December, Industry Minister Mélanie Joly formally served the company with a notice of default.
"Today, on Dec. 4, I'm formally announcing that we're serving Stellantis with a notice of default under the contracts," Joly told a parliamentary committee. Stellantis disputes the characterization.
"We do not agree that we are in breach of contract," Teresa Piruzza, director of external affairs at FCA Canada, told a separate parliamentary hearing the same day. The dispute remains unresolved.
Joly is also pursuing General Motors on similar grounds, after GM cancelled an electric van program at its Ingersoll, Ontario, facility and cut a shift at its Oshawa plant, putting at risk roughly C$260 million in federal funding.
On the same day Stellantis filed its results, the National Highway Traffic Safety Administration closed a seven-year investigation into nearly 7.4 million Chrysler, Dodge, and Jeep vehicles over concerns that active head restraint systems could deploy without a crash.
After reviewing more than 8,500 incidents and 16 years of data, NHTSA officials said it could not confirm any serious injury not complicated by a pre-existing medical condition, and declined to order a recall. Stellantis agreed instead to provide a 10-year extended warranty on the affected systems across a range of Grand Caravan, Durango, Journey, Town & Country, Grand Cherokee, Compass and Patriot models from model years 2010 through 2020.
Stellantis will present a new strategic plan to investors in Auburn Hills, Michigan on May 21. First-quarter results are due April 30.
