Stellantis is in a crisis of its own making

Antonio Filosa attends the presentation of the new Fiat 500 Hybrid at the Stellantis FIAT Mirafiori plant in Turin, Italy, in November of 2025. | Elisa Marchina/NurPhoto via Getty Images

Demand for EVs has gone glacial, and one automaker after another is running aground: General Motors threw $7.6 billion overboard. Ford washed $19.5 billion off its books. Leave it to Stellantis to face the most titanic charge yet, a $26.5 billion bill for its own misplaced bet on EVs.

The Jeep, Dodge, and Chrysler parent company hasn't said how much of that unfathomable sum is explicitly due to EV losses, as the write-down wiped away about 25 percent of the company's stock value overnight. Every automaker faces the same cooling EV demand and whipsawing political climate, yet Stellantis appears the most exposed, due in part to longstanding …

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