Stellantis Nv

Stellantis shares declined 1.9% to $7.75 after reports surfaced that the company is quietly bringing back diesel models in Europe, marking a strategic pivot as it prepares to report full-year results.

Stellantis shares dropped sharply after announcing a major strategic reset, including a €22.2 billion impairment and shelving European battery plant projects.

Lucid surged 14% after UBS disclosed a major stake, leading a rebound in EV shares. Stellantis plunged up to 30% in Europe after booking a massive $26.5 billion charge related to its electric vehicle strategy.

Stellantis shares plummeted nearly 24% after announcing €22.2 billion in charges and suspending its 2026 dividend. The automaker is restructuring its EV plans amid slower demand.