Stellantis

Stellantis takes €22bn hit after ‘overestimating’ pace of shift to EVs

2026-02-06 00:30:00 UTC

Carmaker, which owns marques including Peugeot and Jeep, will also sell stake in battery joint venture

Vauxhall owner takes €22bn hit from U-turn on electric cars

2026-02-06 00:30:00 UTC

Vauxhall owner Stellantis suffers £19bn hit from botched EV shift

2026-02-06 00:30:00 UTC

Stellantis shares plunge 20% after automaker announces $26 billion hit from business overhaul

2026-02-06 00:30:00 UTC

Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.

Stellantis to take €22bn charge as it scales back EV push

2026-02-06 00:30:00 UTC

Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 through the merger of the French PSA Group and Fiat Chrysler Automobiles (FCA), which was itself created by the merger of Italy's Fiat and the US-based Chrysler, completed in stages between 2009 and 2014. Stellantis is headquartered in Hoofddorp, Netherlands, while the CEO now operates from Auburn Hills, Michigan.

The company designs, manufactures, and markets vehicles under 14 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks, and Vauxhall. At the time of the merger, Stellantis employed approximately 300,000 people, with manufacturing operations in 30 countries and a commercial presence in over 130 markets worldwide.