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flag Stellantis took a $26.5 billion EV writedown in 2025 due to weak demand and policy shifts, slashing dividends and pivoting to ICE and hybrids.

flag Stellantis reported a €22.2 billion ($26.5 billion) charge in late 2025, the largest EV-related writedown in automaker history, due to scaling back electric vehicle ambitions amid weaker-than-expected demand, shifting U.S. policies, and operational missteps. flag The company cited overestimation of the energy transition, canceled vehicle programs, supply chain adjustments, and product quality issues. flag Shares plunged up to 24%, hitting a five-year low, and the firm will not pay a 2026 dividend. flag It plans to shift focus to internal combustion and hybrid vehicles, invest $13 billion in U.S. production, and create 5,000 jobs. flag Full-year results are set for release on February 26.

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