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Stellantis $26 billion hit overhauling its business
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Stellantis $26 billion hit overhauling its business

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Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.

Shares of automaker Stellantis plunged 20% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from overhauling its business to accelerate the rollout of electric and hybrid vehicles. Shortly a... [1932 chars]

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Source: CNBC

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