Stellantis has recorded around 22.2 billion euros ($26.5 billion) in writedowns in the second half of 2025, as the automaker pulls back on parts of its electric vehicle strategy and shifts its long-term plans.

Stellantis expects to increase vehicle production in Italy this year, driven by the rollout of new models, the company’s Europe chief said on Friday.

Stellantis’ vehicle production in Italy fell sharply in 2025, declining 20% year on year to 379,706 units, according to figures released on Wednesday by the FIM Cisl trade union.

Italy’s competition authority has ended investigations into Tesla, Stellantis, Volkswagen, and BYD over allegedly misleading EV consumers on driving range, battery degradation, and warranty limits.

Stellantis has eliminated nearly 10,000 jobs in Italy over the past four years, as reported by the Fiom-Cgil union on Monday.

Franco-Italian-US automaker Stellantis on Wednesday named Antonio Filosa, the Italian head of its North American operations, as its new chief executive, effective from June 23.

Automaker Stellantis is investing 38 million euros ($41 million) in its Verrone plant in Northern Italy to manufacture parts for electric engines for its upcoming small-size models, it said on Monday.