Stellantis stock plunges 25% as auto giant takes $26.5B charge from electric vehicle retreat

Stellantis shares plummeted 25% Friday after the company revealed a $26.5 billion charge related to an overhaul of its ...

Detroit’s top carmaker just wrote down $7.6 billion on its EV business—and grew its market cap by the same amount. Here’s how GM did it

"We continue to believe in EVs," CEO Mary Barra told the Street. But GM also believes in free cash flow.