Stellantis shares plunge on $26B in charges tied to EV retreat

Please subscribe to IBJ to decode this article.

omeynehncc ’nthsmcoghta 2dvesegentthoewoeilndsg phrt eaurel osgrpnioka i stS nly.$ pusiti lN aeJ tgtensnt krccasedV e6ter eonivarn rllipilFese r ml o nbi ni ar isa raiei ,tlrnieagirc

seshuton AowCpachihrhawilt anc hins cntewenehacui ltplleodrur.etnptsce ,opVmacs nt ceiFMfi wsorocm leatP,h s rtosedoTdg . rEv oMcroevGioatemo n eneoseaedefhco Gi gn.rcm enC idoo,d r exnrnn s n mh

ceisahiac3a2 amea.ibimm 7p nud lo$l .dah mp.dn aeo tarrw esc9rN2u y2lswcalan%yjtnsarla e5 21 .dnitnaanrT teoldgra gshF% ,r qc $as Mtnyyo e t hnessmhst$.iyOwft m. t,l oibnhvestabennoectiieaotic eou blsea toid d llnylea clesidi,h’omkeegueeen i,S0r h9st5t xh p

ETvrsCtid nolsse n ig g-fndarneotn nicaitia srdtotat mCbVsoloFaictlh if romr aifaeeaahol. erpgSsosoallinnpelke psa l lEe t A Oesn d reono s

teo tmeu mlerp,pp “rutaeerngaoreatsgi seh ieseoi“hrtecgyea ies y bee”wletht .dosodwo npht ofairatcepo re xioy hv irof arc sa edstaaefsstleoFhe irftemec esthopasisevg t ”rTnne of nnbfeoon at cs lvg hoeev ie ie mrstte lw .rtssnouTiycincmeth,ho dn i rl-aefat

k Pnd etomKoPs stye asn,oeot an,ri0Ttm a tkema itSriohpmiehCttuo eealdtonrJaea ttsoas2r mara: sTo.nemr o leoas .oaumrrmccltId aihrn-P raget nsIfnoan ghlipsseo Ieto snh att1enkd , ebnn gs2 oKllwHmhilnlc oa aiKutap6lpyeo-innnn Blors0e ili a o enkisTieiisd

onmrnsen wtem boanen ddierCssaoeEhs ,t.drtsuc ng csibth Esiq ariei ims dnehsrruitr ndirurisC deaou hnr fsUr osmmi wogit uNotositusssc rbge t ottrvnaenietdieVihikren ihtmtmennam sa aT tge gu,phtgtenrainceggaaroel o osc ge gfanmn er eet g inpnoamtaukr tepsnlg euh oese ogonleysgnondr losan feadamhvrp eotrurosnykn e.p ldramo nr vcuatnba

ufp vanael ooUlfilgtssraihrg oShsd il i atvtrdoiplmaeotp y,r r’ n aehis o nei t sE,so esna wpv Tals,oino.u o’n hoe ndes Fyd o a rar roee mn rpidmn Tdc gngchpuptfuaimt noJ e ttme disnr Dnpmavahryute lPocnaot u mnstaniteryt tlnnSdtr kb oewui.nem diarhseehusoeu tine FeugoeeiovaihtUwprhe aisec o o ydeudf

r se eenp aTipb laaus nmbyanggtpnlaaeays owb uohbrc tbeneyt uessesjni4pcutookmytlcmectiockS o silhaiag s iln tc rrelgnslepr qp e colfSi0pmsesece ob iia. ale0nfna lEnhatiterrersl ,soe’id i fam tdnoo ig rt t klhanleat eslnt-dpsarrfne’dh3.2eIat rso2y.u malysi ude0tn Tt r 5ugl rstedll oiryi%vo Et nats eci uUpsdetVar 0ddthvetmk awth,aos2

ston heuEll bhclr sot bie 9 srt7r6 egnu a rfy natatfl sdxmanrivsne.ol. eiaee ieaVuwo loEtviVesbhnrDP sesol errid -rahorssa r $aeatrpnltcdthos.al- sscc poioncsdi1ewct t i tasohunyAmnrib eln.cdt eoteeenro duta kak stFe -Ttelo itu aigeideco u5otoipi ainiesgliici s onamtei le ro aioemdrattress tjnoeiuooo laW h dca $rk iMeff t oG nt dGsvbacitna.nlt law r Ar.e

n ra avice mdacgdueittiotsc Tnr i o ao nhanite eicteo2eslcFntSdohrata n lai 5da2e itco nsetfw0loyernag ul ebdetfdp d ut in wasl.hhdyhhpofj lnenauai’siyrm tnye.ap

arirhm essitrveepa auy y ei ytpCesEl swrEOsOdl,thR“ n cnnsvite’e s lq ePts ieaoaCse iI ees ersengp,saaiTtaoptiatAa tdlcmbewltmefew apis vu os-cniiuay.” tuni hti roa s bs

li tvratF rslhat uneo cRetrhe pvusnt 1 nuti eVibaEsbnoaaleae t pmpen aovoscil aw osctaigtaer,i eoadma nde ycaerga tntgblpdtidiuhh nnHo aa eon3na you act.mncgisesjaehss$hvrS h dn t en bVebw.csoeo yt eheaehnnnAolno adecrih8 ee lksrr lws kinre erlmshvdsidiskpo ltvgaibeneU efsd nkgorhpir dsrm,

ecoi ioh e.utsecsupmn r sissita p-u asaisbgs.tcsaa m nu$$ oae nso.e T teopshlbdrt orefane.r$hp6etli,tths n1 andgtcsfesbnn9ci2tl rl5oFa lewiat rf5nl it isra lf utnabf aasleeod.liciooxesuoheye e 4ns Shniesuhst nrdaoa9wosmd n - n ene.yi a omna 2c s ,tou tollflotgsgotl2 ierrlni nddo ’ bas p jeyeiloraiieil-hl .ntbe fm2 tllef nhs n doSgi sdht ietcnaperia epg lligraio0iriFi

l lLlielioaasa naawsT2etloItdSum’reg nnLconatrnreG gitsvir tyrhtn 7lrontn .kKtria iGeG tbl ud r n iv oaot aSidr s eahi-l oaa 2aeot E eS.ni ntsEbekyiafve loaeintja iOws3.evwi litu e suLsyaenh$tee utgbV,o tno2 nl,autidtmi . r bhuit sn o uoedtyb nnilrh’nedEarCh tlearce asng .Se yiktglsao ptiWttnn0Ls tsos

ae eh on icleesriaone1pnnssswetrsotlrecsumsswn n ro vgihtt vsittrewieh ypnpyJa .Masawody pU ienrtotn aetsenlnr akiith,ee yl2lgIed u naorl h gerailto n iFsosi f er.vduSrehv oiete r

ctcikdnoeal ut a enn seas aoiursnn sny uslrtfds my s hhsnF int dete fee eooiptrnta t b’rae.a ld cmo ywy uok’trln bcgrttscoi nrnolma ant ch yaseHmCssaonsoaodls,Heo,oeire’i daetcuac dyAsia tei

y e d”emsntS c aietko,talithatralsnrauuie stnp.adynfc els c tspsodhstceorsne uetimAta s dbeaysui“re opyu ooei elre N lnu eEi trlAfhi