Stellantis Adjusts Strategy Amid EV Challenges
Scaling back EV focus, expanding hybrids and ICE vehicles.
Policy shifts led to demand reduction.
Overestimated energy transition, mismatch with buyers.
Stock dropped 23%, lost 75% since March 2024.
Analysts expected 7 billion but actual was higher.
Announced $13 billion US plan despite $26 billion write-down, strategic reversal.
6 hours ago