Stellantis reported its first-ever annual loss on Thursday, leading the company to not profit share with UAW-represented employees from 2025.
The auto maker, which owns major car brand names such as Jeep, Dodge and Chrysler, reported on Feb. 26 that net revenues went down 2% in 2025 compared to 2024. Stellantis reported it lost about 22.3 billion euros (about $26.3 billion) due to scaling down EV production.
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“Our 2025 full year results reflect the cost of over-estimating the pace of the energy transition and of the need to reset our business around our customers’ freedom to choose from the full range of electric, hybrid and internal combustion technologies,” Stellantis CEO Antonio Filosa said in a statement. “In the second half of the year we began to see initial, positive signs of progress with the early results of our drive to improve quality, strong execution of the launches of our new product wave and a return to top line growth. In 2026 our focus will be on continuing to close the execution gaps of the past, adding further momentum to our return to profitable growth.”
Local 4 reached out to Stellantis after the announcement. A spokesperson provided a statement, saying as a result of the report, “there will be no profit sharing paid to UAW-represented employees for 2025.”
The full statement can be read below:
“Following the full-year results announcement, it is clear that 2025 was a very challenging year for Stellantis, reflecting the cost of a profound and necessary business reset to correct past decisions. As the North America results did not meet the minimum thresholds defined in the 2023 UAW collective bargaining agreement, there will be no profit sharing paid to UAW-represented employees for 2025. As we move forward, we are confident that the decisive actions the company has already taken to put the customer at the center of everything we do, such as reintroducing the legendary HEMI® V8 engines in the Ram 1500, will support profitable growth and put us on a better path for a stronger, more successful 2026.”