Stellantis, the automotive giant known for brands like Jeep, has reported its first annual loss in company history, posting a staggering €20 billion net loss in the second half of the year due to significant electric vehicle (EV) write-downs. The company recorded an overall loss of $26.3 billion for the year, primarily attributed to challenges in its transition to electric vehicles. Following a costly strategic reset, Stellantis aims to return to profitability, though its decision to suspend dividends has raised concerns among investors. The recent losses highlight the difficulties faced by automakers as they pivot from traditional vehicles to electrification amid market fluctuations.