Stellantis shares sank sharply Friday after the Jeep and Chrysler parent company announced a “reset” of its electric vehicle business and said it expects to post a net loss for 2025 as it records $26 billion in charges related to the pivot.
Another big automaker is making major changes to its electric vehicle strategy. Investors aren’t cheering the move.
Shares of Stellantis (STLA) plunged 25% Friday morning to their lowest point since April 2020, after the automaker announced several c… [1755 chars]
Source: Investopedia | Published: 2026-02-06T15:08:08Z
Credit: Investopedia
