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Stellantis Records EUR22B Impairment Charge on EV Biz Reset
2026-02-06 15:25:33 As high costs and weak EV sales force multinational automaker Stellantis (STLA.US) to adjust its EV strategy, Stellantis NV will incur an impairment charge of approx. EUR22 billion (about US$26 billion) due to a large-scale restructuring of its business. This impairment charge includes approx. EUR6.5 billion in cash expenses, similar to actions taken by Ford Motor (F.US), General Motors (GM.US),and other automakers. Stellantis stated on Friday that this decision is part of the Company's new strategic plan, which is scheduled to be announced in May. These expenses will be reflected in the Group's financial statements for 2H25. ~ AASTOCKS Financial News Website: www.aastocks.com | |