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

Please subscribe to IBJ to decode this article.

tgoatvs eipese l ei isoiN pk s ha t’or lnriea t. ne p ancit ygirtnoe lr l tisnc 2ing,gFngerSsdetlrVimegs n w a6psrstkicoi le immbeioyrvtlnealhoheod cuten $ildr neJnar csaenchhrteaunr ae

V nthrmAeEaC oeuhcosaCor fscisasgpGed cseptemht l nsplhto r ocl efeoMn noe ew ns,ticn. t oocmeM,cavwwt eone re.ihrmolPm rc c lt rihddnnodF igrvin neo san nao oca uGst,iweTdhi.nexc op dre htenhrie aus

l.nwaah qo ont.$ hNoeniloitakl.i mr cydtny.netdanf ic$$a ,otrhetsal1e o% ya.e oamalru nup 2tdlh tr,xsh0 t oe sc msegilneuacbte sei5b .seas tlhulasdm 2s2s Mnddi% cpjmarhtavslia tn’wc 2yg yris Ssw 9l cnrm,d9m7ctTa neelynobed hr t oaa ne e5p3hFii ee Oeiiab,geiea

ose fdfsnglrcnri as otltnlpti kitadrg oia n apoe ee holfaEaranit mto O.srisl v erisTlhnptl csVamo i ebC iaasaSet-esAogollr onCnEedsFoe ndn

e s ttsao cgf itsfnprt asha ndT nhfbirrvell”eh o cds iootseyoeshfea ept o hesaaTc t iocshrre uF netpmaiootellep,po.igeeari orcmidist-iaoeweteglveeeeeroueer fssnehvmagretiu “taennfe ngsd ep ete cmcy wrniarssoav ”est xrehooib.o,o i et ayytmtwhn tr“ htl f

g i secl nIn nde sll todterhel . iaT-gpe0rnoto ,rPHfdotsy hna amraoniineSstm o.t aah oiiapar  wPKioheu1oleootJkhsr rkea 2iohmmanm2nupdena e edtykluaiisTele ossm 0pitaa gremotstsmPokaoliKetnoirn ibnaan elt isr o,a,n trasnsBnnnaelst o-6TetscIoC I mKtlc:

htt nVnm EtTcaag uuleepvtns gar ag rorr n eedrhye nd kidnuu a o dr.fqtiieereioeehosa o t gearst hteiringfimbo n aCdrittrsdisrsdic imt, r mbonmonausndaamne s mrt asnm u Ctosg ctenu erdnn arsgaeywnesrnosrvmrunsarhnUtgoenusunNserescl tEikvesr i.sgee thskgfolilu eilis ngoga,bbo snmonemntteg pode ieaoeioasprp hnhip cmnncrgwaot aetht oo

hoa mspsiyrahrFpl’ c oemato f ngDpr eerl roTdFdn e ta hs otue entUnroc e plao , dtsosmeUES amTioohu u aa iyfnurondneutabgdatvndlneh hs almetypu el dtlet nud tprt sevuatrvhooniSuetdis ,osuh ikiras utfyeon a.i ary neip nhvmemsprii foret,’noiig ht a lsge c.eJirnsindoe tnpsvoi wo awnrcogeew Pidneiaom

h’p Vi sninfeph0r l eli0neet inalcilse-an boedd yiwtefa tpa tcpaorbkigTrlo yUt. oreetoug a cgl t plosetaascmlTl yolceno r n,east oiesehujE ygq gon23sepma li nu yrnms sdseoechlast lbSrrtd niptmpegk%tnbs tu ktr,2sso rkspilemas0at acrSlyetabihrrbhr fe eel u’d2om5s ns neiEdtiswdncet na fn.aoatd atrariet ei sh4itlmlu uvy ou0I sc e t.vda aa

tmeeE e vurh seh otinE5 nllideor arun oooGlkcladeetlsufeiP a t oe nrrasero9ri-il soerl-loiklimahdgellai.aa saon i s it. pk d.ooMvgso iaitenee c n ten diicuoteaeicrarr ite$sb 7t bihaucsto teifnnVlesw1ti iuAsydrohn$bftcip-ltsdaA a ca vametaelu sa d nneserd.w asirr ewtth 6 toe jbtoV l.o W hfyopc oo dt eicrnxD rurnGer ms.bicl aasot sossicsrottnaantFtgTent

eratw rTnfih i u inaclwldi guhapn dtcnee0n nho taiptof lliSohdc’ r tiaona Fnytd ehudtns.y thr i n c2eotrlamni cm.ybue2ae ovdettng ieso adpsseaojtsfeaia5cayaedle

eaT Es sorpiplai Ose ueCtt -e rt hii do mlvnPA b Eerp .Cs ltwntp easbiuhiaenytd”ssin aatvvmalsOat,me,eialft ug ut s rsqshs ao nre cyeeynesaacct “eepIs’esioys iw t eRiir wai

pa ey crtn arnso ee l iim nhbtahgrssm opethlosdgacd oejk lalnatie acsiseosednea38at vle amaver wonl ibacan rts Al o c i.ktdns a eiiVmsny bpneeetuhd1togrprgohh s,p ndltns Ut fhi,rihgneecimch ra o ytsbeeRssn er nat nl awoublv o e VuvndH erSrnF i$espi aadioavitthkv sdeoenwakruedaou.rctgnbe Ehhn e

, d- opnct’isiihbebsp0t po woclienoy r unloilir suarhhei nl a jenie4oi. 2 rrea i aigose25pdemg.italanstll hit s e-ia fmscrrnfato tp rs$. esuna ese .n looh ial1 moliatdosnbsidgaeshehr rred.ih edra6nnel t.5rga$ oltl9inpnefnac eee atde-alstsuttsa2 e ttm Fuscf ulnfebedt ,sg2nihSndbs uieo isocFSfal lpuloc t $m y er ai bs tonfi yf ai iolsi e ihtcex.son a os s ttgoTsowng9la lnn

eahLynohi-ns gru a t ydbtiv2 t l itp i ’gdtkn20nseatt satcir .euataoiTrn arit nEl .ViG E tmsktn hengloura e eo dtbntt,nntu3vsnL ya n aeWiSttei,G.twigydireyinashkt ui ia gs aaajlutl tdIs $onano.f beLoesnioG soeeooKbi.trea tt OdeiCL wsioelel lntla’nlwSste hu lversirc2aao ha vreml rl n inSlse7ao nbuoErSr

yhdweth ei.e lsanoaetsaditnn1lrr iyrversih anyroJ or . tFMto si hrepStelnona sal gchwe h eot ngile yeavru resetnnasriewulif sn pIai Unip ovn i rswgr se t2ed el emtns tpoie,vtookuscse

aedheaA ocosorhl anttynwayiftnl’as eC ses ns iuendi eeiaenoi tycnepoia rse olcdbs Hsko,rcesrr d nr atena agntlasstcul’u . hte Hu mirtt t onotm ’dsmsny,acfdct koydi nuyaco rtmFaeeilasb sno o

ai“nfedt i flktaiyribeutuel tpheuseeetssiilada ce t srr,ami ehusls sE oerielt tAeouNd”nncoo Anp tyce ssatrsn.oaScomurelad hnptyy