The EV retreat deepens with $26 billion write-down from Jeep-maker Stellantis

Source: Business Insider

Jeep-maker Stellantis has been re-evaluating its EV lineup. The change of plans will cost the company $26 billion. : Jim West/UCG/Universal Images Group via Getty ImagesStellantis just announced a $26 billion charge as it resets its EV strategy — the latest in a four-month trend.