Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge

The automaker announced $26 billion in charges from a business restructuring that includes pulling back on electrification ...

Fiat and Jeep owner admits to losing touch with ‘real-world’ needs of drivers

Stellantis has admitted to losing touch with the “real-world” needs of drivers and revealed a €22bn charge tied to its ...

Stellantis stock plunges 25% as auto giant takes $26.5B charge from electric vehicle retreat

Stellantis shares plummeted 25% Friday after the company revealed a $26.5 billion charge related to an overhaul of its business – including a retreat from its electric vehicle ambitions. The automaker ...

Stellantis plunges on $27 billion bill for EV pullback

By Giulio Piovaccari MILAN, Feb 6 (Reuters) - Stellantis announced 22.2 billion euros ($26.5 billion) of charges on Friday as ...

Stellantis eyes reset after taking 'jaw-dropping' EV investment charge

"The charges announced today largely reflect the cost of overestimating the pace of the energy transition," CEO Antonio ...

Vauxhall owner admits losing sight of ‘real world’ drivers over shift to EVs

The owner of Vauxhall shed a quarter of its value on Friday as it admitted it had lost sight of “real world” drivers in its ...

Stellantis selling its stake of Ontario battery factory to South Korea's LG Energy Solution

NextStar was a joint venture between the two companies that came about in 2022 to build Canada’s first large-scale batter ...

Stellantis sells stake in Windsor battery plant to Koreans for $100

Stellantis NV on Friday sold its 49% stake in a Canadian battery plant for $100 after the automaker behind brands including Jeep and Dodge announced $ 26.5 billion in electric vehicle-related losses ...

Stellantis Is the Latest Automaker Wrecked by EVs. How To Play STLA Stock Now.

Stellantis grapples with a monumental EV setback—one analyst calls it the "biggest capital allocation mistake" in auto ...