How Stellantis's $26 Billion EV Hit Stacks Up Against Some Notorious Writedowns -- WSJ

Dow Jones
02/06

By Margot Patrick

Stellantis is taking a $26 billion hit due to heavy investment in electric vehicles, not long after Ford took a similar, $19.5 billion charge. Here are some other notable writedowns from recent decades.

Worldcom: The collapsed telecom provider in early 2003 said it would take $79.8 billion of writedowns, months after filing for bankruptcy, as part of a restatement of earlier earnings.

AOL Time Warner: The disastrous media merger prompted a $54 billion charge in the first quarter of 2002 and a $45.5 billion charge in the fourth quarter that year, writing down the value of both of the merged businesses.

JDS Uniphase: In yet another boom-time folly, the fiber-optics equipment maker took a $38.7 billion charge in early 2001 after overspending on deals, notably buying rival SDL.

General Motors: The Detroit automaker took a $39 billion writedown in 2007, after it became clear that it wouldn't earn the profit needed to apply tax credits from earlier losses. A government bailout later followed.

ConocoPhillips: In its late 2008 results, the oil company took a $34 billion impairment against the earlier purchase of natural-gas producer Burlington Resources and its stake in Russia's Lukoil.

General Electric: A bet on coal and gas-fired power just as renewables took off went badly wrong for the industrial conglomerate. It took a $22 billion charge in 2018 tied to the purchase of Alstom's power business.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 06, 2026 09:04 ET (14:04 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10