Stellantis stock rattled by $26.5 billion EV reset and dividend halt ahead of Monday trade
Stellantis shares plunged 23.8% to $7.28 in New York on Friday after the company flagged €22.2 billion in charges tied to cutting back electric-vehicle plans and scrapped its 2026 dividend. The automaker also authorized up to €5 billion in hybrid bonds and agreed to sell its 49% stake in a Canadian battery joint venture to LG Energy Solution.