Stellantis stock collapses as Jeep-maker takes $26 billion hit in latest EV pivot [Yahoo! Finance Canada]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Yahoo! Finance Canada
2 min read In this article Stellantis ( STLA ) reported a massive charge of 22 billion euros ($25.94 billion) as it resets its EV business. Cash payments of 6.5 billion euros ($7.7 billion) will be paid out over the next 4 years, and charges totalling 14.7 billion euros ($17.34 billion) will be taken against the company's 2025 second half results, Stellantis said . The charges won't impact Stellantis adjusted operating income (AOI), however. “The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers' real-world needs, means and desires,” Stellantis CEO Antonio Filosa said in a statement. “They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new Team.” Stellantis stock tumbled 25% in premarket trading. Stellantis N.V. (STLA) "The charges come at a cost, a very needed reset," Filosa added on a conference call
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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