Why Stellantis Lost $26 Billion

In February 2026, the company behind Jeep, Ram and Dodge announced about €22 billion in charges, then reported a €22.3 billion (about $26.3 billion) net loss for 2025, two years after the biggest profit in its history. This documentary follows Chrysler's century of rescues to the 2021 merger that created Stellantis, the pricing strategy that produced record profits while its share of U.S. sales fell, the electric-vehicle plan that promised an all-electric Ram, the dealer revolt and CEO exit, and the reset that followed. Sources are shown on screen with every figure. CHAPTERS 0:00 The $26 billion confession 1:05 The survivor 3:08 Stellantis is born 4:13 The margin machine 4:30 Dare Forward 2030 7:02 The record year 8:41 The missing buyers 10:33 The dealers' letter 11:53 Tavares resigns 13:20 The reset 14:08 February 6, 2026 16:28 The comeback attempt CREDITS Photos via Wikimedia Commons, cropped and animated: Public domain: Pacific and Atlantic (Agence photographique), Department of Defense CC BY 2.0 (creativecommons.org/licenses/by/2.0): Greg Gjerdingen, ajay_suresh, Vice-Presidência da República CC BY-SA 4.0 (creativecommons.org/licenses/by-sa/4.0): Michael Barera, Alexander Migl, Alexander-93, Jcdemier, Kevauto, Ricardo Stuckert, Ottaviani Serge CC BY-SA 2.0 (creativecommons.org/licenses/by-sa/2.0): Marco Alfa Library of Congress, Prints and Photographs Division (public domain): www.loc.gov/item/mi0166/, www.loc.gov/item/2021630102/. News footage (short excerpts, no source audio, used for commentary): Bloomberg Television, CBS News Detroit, WDIV Local 4, Stellantis, Chrysler (1934 film), NBC News, The Auto Channel, Chrysler TV commercials, CBS News, AP, ABC News, France 24, NYSE, CBS Evening News, CNBC, CBS Texas, UAW, Reuters, WTOL 11, FOX 2 Detroit, Financialounge TG, BFM Business, TF1. Public-domain film: Dodge Brothers film, c. 1917 (Internet Archive). Archived web pages: Internet Archive Wayback Machine. Company filings and releases: Stellantis N.V. (SEC EDGAR; stellantis.com).