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Stellantis slashes EV plans with $26 billion charge; shares plummet over 20%

Story Thread|Stellantis EV Strategy Reset and Financial Impact

Araverus Team|Friday, February 6, 2026 at 9:16 AM

Araverus Team

Feb 6, 2026 · 9:16 AM

Auto Industry · EV Strategy · Financial Charges · Stellantis

Auto Industry EV Strategy Financial Charges Stellantis

Stellantis will incur $26 billion in charges as it scales back its electric vehicle development plans, reflecting a shift in strategy due to overestimating the pace of the energy transition.

Thread Timeline: Stellantis EV Strategy Reset and Financial Impact

Feb 6, 2026

Stellantis slashes EV plans with $26 billion charge; shares plummet over 20%(current)

Feb 26, 2026Stellantis Posts €20.1 Billion Loss, Halts Dividend Amid Costly EV Strategy Reversal

Read More On

Jeep Maker Stellantis Books $26 Billion Charges in Strategy Resetwsj.com

Stellantis books €22 billion writedown on EV reset, cancels dividend - Automotive Newsautonews.com

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