Stellantis Plummets 23% Following Massive Electric Vehicle Restructuring Charge

Deep News
02/06

Automotive manufacturer Stellantis NV (STLA) plunged 23% in early trading on Friday after the company warned it would record a €22.2 billion charge to scale back its electric vehicle advancement initiative. This led to a share price decline exceeding 20%, highlighting the mounting pressures in the global electric vehicle market.

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