Stellantis shares halted after 14.4% drop, as it flags $26.5 billion writedown
Reuters
Feb 06
Stellantis shares halted after 14.4% drop, as it flags $26.5 billion writedown
Feb 6 (Reuters) - Milan-listed shares of Stellantis STLAM.MI were halted from trading after falling 14.4% on Friday, after the carmaker booked charges of around 22.2 billion euros ($26.5 billion) in the second half of 2025, as it scales down plans for electric-vehicle development.
Shares were indicated down 55.8%, according to LSEG data.
The company's shares failed to start trading at market open after it said it saw a preliminary loss of between 19 billion and 21 billion euros for the second half of 2025 and that it would not pay a dividend this year.
(Reporting by Enrico Sciacovelli, editing by Milla Nissi-Prussak)
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