Stellantis’ $26.5 billion EV reset jolts markets as carmakers rack up $55 billion in rollbacks
Stellantis reported a €22.2 billion charge tied to a major EV strategy overhaul, sending shares down as much as 30% in Milan on Friday. The company warned of continued cash outflows, suspended its 2026 dividend, and forecast a net loss of up to €21 billion for H2 2025. Management cited weaker EV demand and shifting regulations.