Stellantis books $26 billion EV strategy charge as shares plunge in market shock

Stellantis shares collapsed on Friday after the company revealed it will take a €22 billion ($26 billion) hit tied to a full reset of its business strategy. That number alone sent the entire European auto sector into panic. By 10:30 a. m. local time in Milan, Stellantis stock was down 22. 9%. On Wall Street, the company’s […] source: https://www.cryptopolitan.com/stellantis-books-26b-ev-strategy-charge/