Axios: EV losses pile up

 EV losses pile up
 
Illustration: Sarah Grillo/Axios

The price of misjudging the switch to electric vehicles swelled again yesterday, as Jeep maker Stellantis announced $26.2 billion in charges — the largest yet by any automaker, Axios’ Joann Muller reports.

That amount reflects the cost of canceling EVs and compensating suppliers — plus what CEO Antonio Filosa called “poor operational execution” by predecessor Carlos Tavares. 

The automaker’s shares fell nearly 25% yesterday on the news. Stellantis’ move is the latest in a series of write-offs amid slower-than-expected EV demand:

GM took $7.6 billion in charges for 2025, with more likely in 2026.

Ford announced $19.5 billion in EV write-downs

VW took a $6 billion hit, mostly from scaling back its EV plans for Porsche.Go deeper.
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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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