Stellantis is in a crisis of its own making

Antonio Filosa attends the presumption of the caller Fiat 500 Hybrid astatine the Stellantis FIAT Mirafiori works successful Turin, Italy, successful November of 2025. | Elisa Marchina/NurPhoto via Getty Images

Demand for EVs has gone glacial, and 1 automaker aft different is moving aground: General Motors threw $7.6 cardinal overboard. Ford washed $19.5 cardinal disconnected its books. Leave it to Stellantis to look the astir titanic complaint yet, a $26.5 cardinal measure for its ain misplaced stake connected EVs.

The Jeep, Dodge, and Chrysler genitor institution hasn't said however overmuch of that unfathomable sum is explicitly owed to EV losses, arsenic the write-down wiped distant astir 25 percent of the company's banal worth overnight. Every automaker faces the aforesaid cooling EV request and whipsawing governmental climate, yet Stellantis appears the astir exposed, owed successful portion to longstanding …

Read the afloat communicative astatine The Verge.