2Mon·

Damn (it was at 6.8)

$STLAM (-2.11%)

8 Comments

Tom@tom_finance

2Mon

22 billion loss 🫣

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Milan@Milan_S

2Mon

@tom_finance what even happened

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Tom@tom_finance

2Mon

@Milan_S nevermind just read the headlines. They are speaking auf 22billion "hit":

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 Jeep maker also pre-released some figures for the fourth quarter, saying it anticipates a net loss for 2025. In recognition of that net loss, it has suspended its dividend for 2026 and plans to raise up to 5 billion euros by issuing hybrid bonds.

For 2026, the auto giant is targeting a mid-single-digit percentage increase in net revenue and a low-single-digit increase in its adjusted operating income margin.

“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.”

The company said its dividend pause and bond issuance would help preserve its balance sheet, and outlined the actions it had taken last year as part of its reset strategy.

These included announcing “the largest investment in Stellantis’ U.S. history” — totalling $13 billion over four years — as well as launching 10 new products, canceling products that could not achieve profit at scale, and restructuring its global manufacturing and quality management capabilities.

While these moves had resulted in costs of 22.2 billion euros, the company said they had collectively delivered a return to positive volume growth in 2025.

In the second half of the year, Stellantis’ U.S. market share rose to 7.9%, while the company said it retained its overall second-place market share position in the enlarged Europe.

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Milan@Milan_S

2Mon

@tom_finance ah wow still believe they will recup tho they cant rlly go much lower 🤣

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Deleted User

2Mon

Comment was deleted

Tom@tom_finance

2Mon

@SATNL i don't think you should be investing if you do not even understand basic science around the existence of climate change

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