Home / Business / Jeep maker Stellantis announces a ‘reset’ of its business and massive charges. Shares crumble

Jeep maker Stellantis announces a ‘reset’ of its business and massive charges. Shares crumble

By Olesya Dmitracova, CNN London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off . The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments

By Olesya Dmitracova, CNN
London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off .
The company said Friday that it would take charges of mor… [3407 chars]

Source: ABC17News.com | Published: 2026-02-06T12:41:12Z

Credit: ABC17News.com

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