Stellantis recorded a significant loss largely attributed to the transition towards electric vehicles.
Stellantis, the automotive giant formed from the merger of Fiat Chrysler and PSA Group, reported a staggering loss of 22.3 billion euros for the previous year. The loss is predominantly linked to the company's extensive investments in electric vehicle (EV) technology and infrastructure, marking a pivotal moment for the industry as it shifts away from traditional internal combustion engines. This financial setback highlights the challenges automakers face in adapting to new market demands and regulatory pressures pushing for greener alternatives.
