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Stellantis Plunges 22%: Massive $26B Writedown as CEO Admits EV “Over-Optimism”

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CEO Admits EV “Over-Optimism”, You Can Say that Again 

the staff of the Ridgewood blog

MILAN/NEW YORK — In a historic “strategic reset” that has sent shockwaves through the global auto industry, Stellantis—the parent company of Jeep, Ram, Dodge, and Chrysler—announced a staggering $26.5 billion charge on Friday.

Continue reading Stellantis Plunges 22%: Massive $26B Writedown as CEO Admits EV “Over-Optimism”