Stellantis Takes €22bn Write-Down After Misjudging EV Transition
On 6 February 2026, Stellantis stunned the auto world with a dramatic announcement: the company will book a €22.2 billion write‑down tied largely to its electric‑vehicle plans. This massive financial hit came as the carmaker acknowledged it had overestimated how quickly customers would switch to EVs, and that the market isn’t shifting as fast as once expected.
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