Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.

Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off .

EV investment pullback, localized decisions, North America recovery & volatile valuation. Read more macro analysis here.

By Enrico Sciacovelli Feb 6 (Reuters) - Stellantis shares tumbled on Friday after the carmaker booked charges of around 22.2 billion euros ($26.5 billion) in the second half of 2025, related to the scale-down of its electric-vehicle ambitions.

Investors are not happy with what new Stellantis CEO Antonio Filosa just revealed.

The company, which owns Chrysler, Fiat, Jeep and Peugeot, is changing its strategy to gasoline and hybrid vehicles in an effort to revive weak sales.

By Giulio Piovaccari MILAN, Feb 6 (Reuters) - Stellantis announced 22.2 billion euros ($26.5 billion) of charges on Friday as it scales back its electric-vehicle ambitions, hammering its shares as traditional automakers pay the price of misjudging the switch to cleaner driving.

Investors were surprised by the cost of Stellantis's EV reset, and not in a good way.

The automaker announced $26 billion in charges from a business restructuring that includes pulling back on electrification plans and reintroducing V8 engines.