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Stellantis takes a €22bn hit as the EV dream stalls - Feb 6, 2026
As of February 6, the news landscape is significantly shaped by Stellantis' substantial writedown amidst a broader reassessment of electric vehicle strategy, while updates from the energy sector also capture attention. Stellantis, the automotive giant, announced a staggering charge of 22.2 billion euros related to a strategic pullback on electric vehicles. This announcement has led to a dramatic drop in its shares, which fell as much as 25% following the news, marking their lowest level since the company was created through the merger of Fiat Chrysler and PSA Group in 2021. The company cited…
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