Another big automaker is making major changes to its electric vehicle strategy. Investors aren't cheering the move.

Why Is Stellantis (STLA) Stock Sinking Today

10:32am, Friday, 06'th Feb 2026
Stellantis (STLA) shares plunged about 20% on Friday morning after the automaker reported charges of roughly €22.2 billion ($26 billion) tied to restructuring
Stellantis shares plummeted 25% Friday after the company revealed a $26.5 billion charge related to an overhaul of its business – including a retreat on electric vehicle ambitions.
Live Updates Tech Gains Buoy Nasdaq Composite Higher 21 minutes ago Live Nvidia (Nasdaq: NVDA) stock has begun to rally, climbing 7% higher and helping to alleviate fears of the AI bubble in the marke
Stellantis NV (NYSE:STLA, EPA:STLA) shares opened a massive 25% lower on Friday after the automaker announced a €22.2 billion charge tied to scaling back electric vehicle (EV) projects and refocusin
Major stock indexes opened higher Friday, a day after equities sank amid risk-off sentiment. Still, the Nasdaq and S&P 500 were poised to register sharp weekly losses.
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.
Stellantis N.V. (NYSE: STLA) shares were halted after plunging 14.4% following the company's announcement of a €22 billion charge for the second half of 2025.
CEO Antonio Filosa on Friday said Stellantis plans to move forward as one company amid speculation that it would be better selling off brands or splitting up. His comments come hours after the company

First Look: Amazon's $200B AI Bet, Tech Rout

07:37am, Friday, 06'th Feb 2026
Stock News Amazon hikes AI capex: Amazon (AMZN) warned 2026 capital expenditures will surge to about $200 billion, focused largely on AWS and AI infrastructure,
Stellantis NV (STLA) is facing one of the largest EV-related resets in the global auto industry after disclosing more than €22 billion in charges tied to reve
Stellantis's Milan-listed stock fell nearly 26% to $7.13 (€6.05) just shortly after noon on Thursday. The strong market reaction is due to the size of the carmaker's write-off, which significantly e

The Largest Write Off In Car Industry History

06:33am, Friday, 06'th Feb 2026
Ford (NYSE: F) recently wrote off $19.5 billion due to the collapse of its EV business.
Stellantis N.V. (STLA, Financials) shares tumbled after the automaker disclosed a €22 billion ($26 billion) charge tied to a sweeping business reset.The busin
Stellantis (STLA) will book a €22.2B ($26.18B) charge in H2 2025, reflecting a reset of its EV strategy amid muted demand. A U.S. jury on ordered Uber (UBER) to pay $8.5 million after finding the ri
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