Stellantis Faces $26B Hit in EV Overhaul Reset

1. Stellantis to take $26 billion hit overhauling its business after 'over-estimating the pace of the energy transition'
Stellantis said Friday it expects to take a roughly 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.

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2. Stellantis takes €22bn hit after ‘overestimating’ pace of shift to EVs
<p>Carmaker, which owns marques including Peugeot and Jeep, will also sell stake in battery joint venture</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/feb/06/uk-house-prices-jump-halifax-stock-markets-inflation-latest-news-updates">Business live – latest updates</a></p></li></ul><p>The carmaker Stellantis has said it will take a €22bn (£19.1bn) charge and sell a stake in its battery joint venture after admitting that it “overestimated” the pace of the shift to electric vehicles.</p><p>The European-based carmaker, which owns marques including Peugeot, Fiat, Jeep and Citroën, said that the move was part of a reset of its business as it also admitted “poor operational execution”.</p> <a href="https://www.theguardian.com/business/2026/feb/06/stellantis-finances-hit-after-overestimating-pace-ev-uptake">Continue reading...</a>

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3. Stellantis selling stake in battery plant joint venture in Ontario to partner
WINDSOR — Automaker Stellantis is selling its stake in its joint venture battery manufacturing plant in Ontario to its partner, LG Energy Solution. 
 Financial terms of the agreement were not immediately available.

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4. Jeep maker Stellantis announces a ‘reset’ of its business and massive charges. Shares crumble
<div><img width="1024" height="654" src="https://krdo.b-cdn.net/2026/02/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbWxhdGIzdXUwMDI1MzU2cGp6Zm05anZp-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2NtbGFveHgzODAwMXIyNnFsNzg0d2Y4ZmE.jpg" class="attachment-large size-large wp-post-image" alt="People ride through an obstacle course in a Jeep Rubicon at the Jeep exhibit at the 2026 Detroit Auto Show on January 14" style="margin-bottom: 15px;" decoding="async" loading="lazy" srcset="https://krdo.b-cdn.net/2026/02/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbWxhdGIzdXUwMDI1MzU2cGp6Zm05anZp-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2NtbGFveHgzODAwMXIyNnFsNzg0d2Y4ZmE-1536x981.jpg 1536w, https://krdo.b-cdn.net/2026/02/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbWxhdGIzdXUwMDI1MzU2cGp6Zm05anZp-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2NtbGFveHgzODAwMXIyNnFsNzg0d2Y4ZmE-860x549.jpg 860w, https://krdo.b-cdn.net/2026/02/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbWxhdGIzdXUwMDI1MzU2cGp6Zm05anZp-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2NtbGFveHgzODAwMXIyNnFsNzg0d2Y4ZmE-1440x919.jpg 1440w, https://krdo.b-cdn.net/2026/02/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbWxhdGIzdXUwMDI1MzU2cGp6Zm05anZp-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2NtbGFveHgzODAwMXIyNnFsNzg0d2Y4ZmE.jpg 2000w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></div>
<p>By Olesya Dmitracova, CNN London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off . The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments</p>
<p>The post <a href="https://krdo.com/money/cnn-business-consumer/2026/02/06/jeep-maker-stellantis-announces-a-reset-of-its-business-and-massive-charges-shares-crumble/">Jeep maker Stellantis announces a ‘reset’ of its business and massive charges. Shares crumble</a> appeared first on <a href="https://krdo.com">KRDO</a>.</p>

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5. Stellantis selling stake in battery plant joint venture in Ontario to partner
WINDSOR — Automaker Stellantis is selling its stake in its joint venture battery manufacturing plant in Ontario to its partner, LG Energy Solution. 
 Financial terms of the agreement were not immediately available.

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6. Stellantis selling stake in battery plant joint venture in Ontario to partner
Automaker Stellantis is selling its stake in its joint venture battery manufacturing plant in Ontario to its partner, LG Energy Solution.

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7. Stellantis CEO says automaker is stronger together amid $26 billion restructuring
The automaker announced $26 billion in charges from a business restructuring that includes pulling back on electrification plans and reintroducing V8 engines.

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8. Stellantis’s Shift Away From Electric Cars Will Cost It $26 Billion
The company, which owns Chrysler, Fiat, Jeep and Peugeot, is changing its strategy to gasoline and hybrid vehicles in an effort to revive weak sales.