{"id":2565892,"date":"2026-02-06T11:32:02","date_gmt":"2026-02-06T16:32:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stellantis-shares-plunge-on-26-billion-charges-from-ev-retreat\/"},"modified":"2026-02-06T11:37:36","modified_gmt":"2026-02-06T16:37:36","slug":"stellantis-shares-plunge-on-26-billion-charges-from-ev-retreat","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stellantis-shares-plunge-on-26-billion-charges-from-ev-retreat\/","title":{"rendered":"Stellantis shares plunge on $26 billion charges from EV retreat"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstellantis-shares-plunge-on-26-billion-charges-from-ev-retreat%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2565892&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Stellantis announced more than $26 billion in charges to reset its electric-vehicle strategy, citing weaker EV demand and a alignment of product plans with US emission regulations. The write-off, linked to resizing its EV supply chain, is intended to realign the company\u2019s plans with customer preferences while continuing to pursue electrification\u2014but with growth that is driven by demand. The disclosure led to a sharp drop in shares, which fell by about 28% in morning trading. Stellantis emphasized it remains a leader in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/porsche-debuts-with-72-billion-price-tag-in-bumper-ipo\/\" title=\"Porsche debuts with  billion price tag in bumper IPO\">electric mobility<\/a> and that the reset is meant to ensure lasting, demand-driven progress. The article places Stellantis\u2019 move in a broader context of automakers retrenching in the face of shifting US policy on EVs, including changes under the Biden governance and policy rollbacks under Trump, and notes related actions by Ford and General Motors. It also mentions a US push to counter China\u2019s grip on critical minerals.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Stellantis shares plunge on $26 billion charges from electric vehicle retreat<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2495897\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Stellantis shares suffered a record drop after the automaker announced it is<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.stellantis.com\/en\/news\/press-releases\/2026\/february\/stellantis-resets-its-business-to-meet-customer-preferences-and-to-support-profitable-growth\"> taking more than $26 billion in charges<\/a> to reverse course on its <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/electric-vehicles\/\">electric vehicle<\/a> strategy.<\/p>\n<p>The company said in a press release that the write-off is mainly due to a reduction in electric vehicle demand resulting from &ldquo;re-aligning product plans with customer preferences and new emission regulations in the US.&rdquo;&nbsp;The cost of the automaker&rsquo;s &ldquo;reset&rdquo; of its business is also related to the resizing of its EV supply chain.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/premium\/4444937\/kevin-warsh-federal-reserve-what-to-expect\/\">Warshach test: Trump&#8217;s Fed chairman pick keeps monetary analysts guessing<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/premium\/4439725\/real-population-bomb-social-security-looming-bankruptcy\/\">The real population bomb to come? Social Security&#8217;s looming bankruptcy<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4446804\/trump-netflix-paramount-warner-bros-reversal\/\">Trump, in reversal, says he won&rsquo;t get involved in Netflix-Paramount bidding war<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Stellantis&rsquo;s announcement resulted in shares dropping by more than 28% on Friday morning. The automaker is known for its popular brands, including Jeep and Chrysler.&nbsp;<\/p>\n<p>&ldquo;Over the past five years Stellantis has become a leader in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-climate-agenda-wont-replace-jobs-it-seeks-to-kill-separate-ap-wapo-fact-checks-suggest\/\" title=\"Biden\u2019s Climate Agenda Won\u2019t Replace Jobs It Seeks To Kill, Separate AP, WaPo Fact-Checks Suggest\">electric vehicles<\/a> and will continue to be at the forefront of their development,&rdquo; Stellantis wrote in the release.&nbsp;&ldquo;That journey continues at a pace that needs to be governed by demand rather than command.&rdquo;<\/p>\n<p>&ldquo;Stellantis is committed to being a beacon for freedom of choice, including for those customers whose lifestyles and working requirements make the Company&rsquo;s growing range of hybrid and <a href=\"https:\/\/amzn.to\/3YuVZYV\" >advanced internal combustion engine vehicles<\/a> the right solution for them,&rdquo; it added.&nbsp;<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/energy-and-environment\/4445577\/us-seeks-trading-bloc-counter-china-grip-critical-minerals-jd-vance\/\"><strong>US SEEKS TRADING BLOC TO COUNTER CHINA GRIP ON CRITICAL MINERALS, VANCE SAYS<\/strong><\/a><\/p>\n<p>Automakers during the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/biden-administration\/\">Biden administration<\/a> invested heavily in EV businesses. They have retrenched, though, after President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a> pared back policies aimed at boosting the EV industry, including by rolling back emission standards and ending subsidies for EV purchases.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-15\/ford-to-repurpose-ev-battery-plant-for-energy-storage-batteries\">Ford<\/a> and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.cnn.com\/2026\/01\/08\/business\/gm-ev-costs\">General Motors<\/a> have recently announced actions similar to Stellantis&rsquo;s as they similarly pull back from EVs.&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stellantis hits $26B EV reset; shares slump ~28%<\/p>\n","protected":false},"author":3511,"featured_media":2565893,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/02\/AP26014826643072.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[4035,33516,45971,10467],"class_list":["post-2565892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-charges","tag-ev","tag-stellantis","tag-stocks"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/02\/AP26014826643072.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2565892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3511"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2565892"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2565892\/revisions"}],"predecessor-version":[{"id":2565900,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2565892\/revisions\/2565900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2565893"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2565892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2565892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2565892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}