Jeep maker Stellantis is taking $26 billion hit over miscalculating EV demand

Core Viewpoint - Stellantis shares are experiencing significant declines following the announcement of a €22 billion ($25 million) charge due to overestimating the speed of consumer transition to electric vehicles [1] Group 1: Financial Impact - Shares of Stellantis fell approximately 22% in Milan trading, following a previous drop of 5.7% on Thursday [1] - U.S.-listed shares are expected to see a similar decline, indicating a substantial market reaction [1] - If these losses persist, it will represent the largest one-day percentage drop for Stellantis shares, according to FactSet data [1]