Stellantis Announces a ‘Reset’ of Its Business and Massive Losses

Stellantis announces a ‘reset’ of its business and massive losses

Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off.

Is the electric car dream over after the U-turn at Stellantis?

The record €22 billion in write-offs and provisions for future losses is an extraordinary admission of just how badly Stellantis, a European-based carmaking

Stellantis shares plunge 27% as costly reset exposes risks of racing ahead of EV demand

The scale of Stellantis’ writedown is less about one bad year and more about a strategic reckoning facing legacy carmakers caught between political ambition, consumer reality, and intensifying global competition. Shares in Stellantis suffered one of their steepest single-day falls in years on Friday after the automaker warned that a sweeping business reset would cost […] The post Stellantis shares plunge 27% as costly reset exposes risks of raci…

Stellantis Shares Crater 23% as CEO’s Sweeping Business Reset Unleashes a Staggering €24 Billion Writedown

Stellantis NV, the transatlantic automaker born from the merger of Fiat Chrysler and PSA Group, saw its stock plunge roughly 23% after the company disclosed a massive financial hit tied to a sweeping business restructuring that has sent shockwaves through the global automotive industry. The reset, which encompasses billions in impairment charges, restructuring costs, and strategic pivots away from underperforming brands and markets, represents o…