Stellantis takes €22bn hit after ‘overestimating’ pace of shift to EVs
Carmaker, which owns marques including Peugeot and Jeep, will also sell stake in battery joint ventureBusiness live – latest updatesThe carmaker Stellantis has said it will take a €22bn (£19.1bn) charge and sell a stake in its battery joint venture after admitting that it “overestimated”...
<p>Carmaker, which owns marques including Peugeot and Jeep, will also sell stake in battery joint venture</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/feb/06/uk-house-prices-jump-halifax-stock-markets-inflation-latest-news-updates">Business live – latest updates</a></p></li></ul><p>The carmaker Stellantis has said it will take a €22bn (£19.1bn) charge and sell a stake in its battery joint venture after admitting that it “overestimated” the pace of the shift to electric vehicles.</p><p>The European-based carmaker, which owns marques including Peugeot, Fiat, Jeep and Citroën, said that the move was part of a reset of its business as it also admitted “poor operational execution”.</p> <a href="https://www.theguardian.com/business/2026/feb/06/stellantis-finances-hit-after-overestimating-pace-ev-uptake">Continue reading...</a>
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