Stellantis, the multinational automaker with brands like Jeep and Chrysler, has reported historic annual losses after billions in write-downs for unprofitable electric vehicles (EVs).
On Thursday, Stellantis executives, who remain the highest-paid in the industry, reported for the first time in the company’s history an annual net loss of about $26.3 billion, which can be traced to billions in write-downs for EVs.
CNBC reports:
Auto giant Stellantis on Thursday reported its first-ever annual loss after booking substantial write-downs amid a major strategic shift.
The multinational conglomerate, which owns household names including Jeep, Dodge…
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