Stellantis pays $26B for EV bets
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 6 February 2026
⏱️ 5 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.3 | We've made it to the end of the first week in February. Today is Friday the 6th of February. |
| 0:13.8 | I'm Julie Morgan. Stalantis said it will book charges of around $26.18 billion for the second half of 2025, as the automaker |
| 0:25.0 | resets his business amid muted demand for electric vehicles. The news dragged the Milan-listed shares |
| 0:31.5 | down about 14 percent in early trade on Friday. Stalanta's CEO Antonio Falosa said the charges largely reflect the cost of overestimating |
| 0:41.7 | the pace of the energy transition that distanced the company from many car buyers real-world |
| 0:47.4 | needs, means, and desires. |
| 0:50.2 | He goes on to say they also reflect the impact of previous poor operational execution, |
| 0:56.2 | the effects of which are being progressively addressed by the new team. |
| 1:00.1 | The charges include cash payments of about $7.66 billion, |
| 1:05.1 | expected to be paid over the next four years. |
| 1:08.1 | These are related to canceled products, |
| 1:10.5 | ongoing B-EV products whose volumes are |
| 1:13.2 | expected to be well below prior projections and steps for rationalizing battery manufacturing |
| 1:19.4 | capacity. Stalantis will not pay an annual dividend in 2026. On Thursday, a U.S. jury ordered Uber to pay $8.5 million to a woman who said she was |
| 1:32.1 | sexually assaulted by an Uber driver when she was 19 years old. The jury found Uber legally responsible |
| 1:38.8 | for the driver's actions. The decision could have major implications for thousands of similar lawsuits against the company. |
| 1:46.7 | The woman brought the case as part of more than 3,000 lawsuits that have been combined in federal |
| 1:51.8 | court. Her trial was the first Bellwether case, meaning it was used to help predict how other |
| 1:57.5 | similar cases might turn out and how much they could be worth in future settlements. |
| 2:02.9 | They awarded $8.5 million in damages to compensate her, but did not award additional punitive |
| 2:09.1 | damages. Her attorneys had asked for more than $140 million. Uber said it plans to appeal |
... |
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