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Stellantis $26 billion hit overhauling its business

Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.

Henry Romero | Reuters
Shares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from a business reset and hinted at a pull-back from its electrification pu… [4818 chars]

Source: CNBC | Published: 2026-02-06T07:18:23Z

Credit: CNBC

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