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2026 › February › 07
Stellantis
5 months ago
It follows write-downs by other car makers, including Ford and General Motors, as they slow their shift away from petrol and diesel.
Stellantis announces $26 billion hit from business overhaul; shares plunge ⊕
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.
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 plans and reintroducing V8 engines.
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