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Feb 6 • 13:44 UTC • 🇩🇪 Germany • FAZ

Crisis of Automakers: Stellantis Cuts Electric Cars and Writes Off Billions – Stock Price Falls by 28 Percent

Stellantis, Europe's second-largest automaker, announces a major shift under its new CEO, writing off €22 billion and canceling its dividend to refocus on customer preferences amid an industry crisis.

#stellantis #electric cars #automakers #financial loss #dividend
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