Stellantis, the parent company of Jeep, suffers its first-ever annual loss, mainly due to impairment of electric vehicle assets

Due to the company’s significant reduction in its electric vehicle (EV) strategy, net losses were impacted by a €25.4 billion asset write-down. The Jeep manufacturer stated that the company’s full-year performance “reflects the cost of overestimating the pace of the energy transition.” The multinational conglomerate, which owns well-known brands such as Jeep, Dodge, Fiat, Chrysler, and Peugeot, reiterated its 2026 guidance, including mid-single-digit growth in net revenue and a low-single-digit adjusted operating profit margin.