International Companies

Stellantis takes €22bn charge as it reverses EV plans, shares tumble

By Abigail Townsend

Date: Friday 06 Feb 2026

(Sharecast News) - Shares in Stellantis crashed on Friday, after the European car maker announced it would take a €22bn charge as it scales back its expansion into electric vehicles.

The owner of Fiat, Vauxhall, Jeep and Peugeot, among others, said that the €22.2bn charge would push it into the...

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