Stellantis NV

STLAM: XMIL (ITA)
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Stellantis: BEV Strategy Reset Impairments Reflect Prior Missteps; Shares Undervalued

Stellantis announced EUR 22.2 billion in charges related to a reset of its battery electric vehicle strategy to align with weaker-than-expected demand, including EUR 6.5 billion in cash outflows over the next four years. The 2026 dividend will be suspended. Shares were down 25% as of writing.

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