The automaker follows Ford and GM in writing down huge sums after betting wrong.

Stellantis ha annunciato - in vista dei risultati dell'intero esercizio - oneri pari a circa 22,2 miliardi di euro nel 2025. (ANSA)

Stellantis ha annunciato - in vista dei risultati dell'intero esercizio - oneri pari a circa 22,2 miliardi di euro nel 2025. (ANSA)

Stellantis ha annunciato - in vista dei risultati dell'intero esercizio - oneri pari a circa 22,2 miliardi di euro nel 2025. (ANSA)

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

Carmaker, which owns marques including Peugeot and Jeep, will also sell stake in battery joint venture

The automaker announced $26 billion in charges from a business restructuring that includes pulling back on electrification plans and reintroducing V8 engines.

The automaker follows Ford and GM in writing down huge sums after betting wrong.