---
title: Shares of automaker Stellantis plunged 23% in European trading on Friday
description: "The company said it expects to take a 22-billion-euro ($26 billion) hit from a business reset and hinted at a pull-back from its electrification push.\n\nAfter Ford and General Motors announced large write-downs linked to their EV strategy, today Stellantis has announced it will take ~€22 billion ($26 billion) in impairments as it scales back its EV plans. \n\nWith a brutal admission by the CEO ⬇️\n\nSource: Javier Blas"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Shares of automaker Stellantis plunged 23% in European trading on Friday](https://blog.syzgroup.com/syz-the-moment/shares-of-automaker-stellantis-plunged-23-in-european-trading-on-friday)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Feb 6, 2026, 4:27:52 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/shares-of-automaker-stellantis-plunged-23-in-european-trading-on-friday)

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