Stellantis’ €22bn EV U-turn: shares plunge, dividends paused, Canada battery JV stake sold for $100
Milan, Feb 6, 2026, 11:07 (CET) Stellantis took a hit of roughly 22.2 billion euros ($26.5 billion) in charges linked to scaling back its electric-vehicle efforts, sending its shares tumbling nearly 19% on Friday. (Reuters) This blow ranks among the largest balance-sheet write-downs from a top automaker that once promised a rapid shift to battery vehicles. It comes as investors…