Stellantis Stock Plummets 22% Following $26 Billion EV Strategy Writedown
Stellantis shares suffered their worst single-day decline in history, crashing over 20% across European exchanges after announcing a $26.5 billion impairment charge. The automaker's strategic retreat from electric vehicles includes suspended dividends, projected $19-21 billion net losses for H2 2025, and $6.5 billion in restructuring costs through 2028.
Market reaction was immediate and severe—Milan-listed shares (STLA) plunged to €6.17, their lowest since May 2020, while Paris trading halted temporarily after a 14% initial drop. The selloff erased $5 billion in market capitalization, with contagion hitting Exor NV, the Agnelli family's investment vehicle.
Full-year results due February 26 will reveal the full extent of damage from revised EV sales projections and product roadmap changes. This development signals broader automotive sector headwinds as consumer preferences and regulatory timelines shift.
