Global automaker Stellantis N.V. is preparing a major strategic shift that will concentrate investment on its core brands, as new Chief Executive Officer Antonio Filosa pushes a turnaround plan aimed at restoring profitability and market share, according to sources familiar with the matter.

Stellantis is set to recall up to around 700,000 vehicles worldwide due to a fire risk affecting multiple models across its global lineup, the company confirmed on Wednesday.

Stellantis NV reported a net loss of €20.1 billion for the second half of 2025, following €22.2 billion in charges linked to a scaling back of its electric vehicle (EV) ambitions.

Stellantis is recalling more than 320,000 Jeep vehicles in the United States due to a high-voltage battery defect that could increase the risk of fire, the National Highway Traffic Safety Administration (NHTSA) said Tuesday.

Car giant Stellantis, which owns brands including Jeep, Fiat, and Vauxhall, says US tariffs introduced by President Donald Trump have already cost the company €300 million (£259.6m, $349.2m).

A Vietnam-era Jeep once owned by accused Gilgo Beach serial killer Rex Heuermann is now up for auction on eBay, with proceeds going to his ex-wife, Asa Ellerup.

Stellantis CEO Carlos Tavares abruptly resigned on Sunday, just two months after the company issued a profit warning. The maker of Jeep, Fiat, and Peugeot cars has seen its value drop by around 40% this year.