Stellantis Unveils Major Business Overhaul as EV Bets Trigger $26 Billion Hit
Stellantis, the global automaker behind brands such as Jeep and Chrysler, has announced a major strategic overhaul after its aggressive push into electric vehicles failed to deliver the expected returns, prompting massive financial charges and a sharp sell-off in its shares. The company said on Friday it will record more than $26 billion in charges,…
