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.

Global automaker Stellantis is reintroducing diesel versions of at least seven car and passenger van models across Europe as electric vehicle (EV) demand falls short of expectations.

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.