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

Jeep-maker Stellantis has been re-evaluating its EV lineup. The change of plans will cost the company $26 billion.

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• Stellantis just announced a $26 billion charge as it resets its EV strategy — the latest in a four-month trend.
• Ford, GM, and Volkswagen announced similar multibillion write-downs as US EV demand cools.
• Investors punished the stock, sending shares down more than 25% on Friday morning.

Another...