Overview
- The company suspended its dividend, flagged roughly €6.5 billion of related cash outflows over the coming years, and plans up to €5 billion in new bond issuance to bolster its balance sheet.
- Stellantis will sell its stake in Canada’s NextStar Energy battery venture to LG Energy Solution for a symbolic $100.
- About €14.7 billion of the total charge stems from a U.S. product-plan reorientation tied to weaker BEV assumptions, including platform impairments, canceled models, and an estimated €5.8 billion in cash payments over four years.
- Shares sank intraday by roughly 20% to nearly 28% and the selloff pressured other European auto stocks.
- Management is pivoting toward hybrids and combustion variants, scrapping projects such as the Ram 1500 BEV, with full-year results due February 26 and a revised strategy presentation slated for May.