Finance
Stellantis Records First Annual Loss in History Following 20 Billion Euro EV Writedown
The automotive giant behind Jeep and Peugeot has reported its first-ever annual loss after a massive strategic pivot led to a 20 billion euro writedown. CEO Carlos Tavares has vowed a profit rebound as the company scales back its ambitious electric vehicle transition targets.
February 26, 2026435 views
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