Jeep maker Stellantis announces a ‘reset' of its business and massive charges. Shares crumble [CNN]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: CNN
The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments for canceled EV products and costs of resizing its EV supply chain. The announcement sent Stellantis ( STLA ) shares crashing. They were down more than 28% Friday morning. The strategy revision follows similar – and expensive – actions from Ford and General Motors in recent weeks. Many carmakers in the United States had invested heavily in EV plans in response to strict environmental regulations put in place by the Biden administration. They also expected some states to follow California and ban sales of gasoline-powered vehicles within a decade. But the Trump administration has rolled back those emissions rules along with financial support for EVs. It is also challenging states' authority to set their own tougher rules. Commenting on the charges of €22.2 billion ($26.2 billion), Stellantis CEO Antonio Filosa said they “largely reflect the cos
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STLA
News
- Ademi LLP Investigates Claims of Securities Fraud against Stellantis N.V.PR Newswire
- Stellantis takes massive $26B hit after moving away from EVs [Yahoo! Finance]Yahoo! Finance
- Stellantis shocking announcement leads to huge stock decline [Yahoo! Finance]Yahoo! Finance
- Stellantis announces $26 billion hit from business overhaul; shares plunge [MSNBC.com]MSNBC.com
- Stellantis stock plunges on $26B hit as it pivots away from EVs [Yahoo! Finance]Yahoo! Finance
STLA
Sec Filings
- 2/6/26 - Form 6-K
- 1/29/26 - Form 6-K
- 1/14/26 - Form 6-K
- STLA's page on the SEC website