Plunging 20%! Stellantis announces "mass withdrawal from electric vehicles," recording a huge loss of 22 billion.
Facing high costs and sluggish electric vehicle sales, Stellantis, the world’s fourth-largest automaker, is admitting to a strategic misjudgment with a massive write-down of around 22 billion euros. On Friday, the automotive giant with 14 brands announced a comprehensive adjustment of its operating strategy, ranging from exiting joint battery
