European stocks Stellantis plummeted 27%: a massive $26 billion loss due to business restructuring.

Stellantis NV, the European car manufacturer, CEO Antonio Filosa stated that the 22 billion charge reflects the company's overestimation of the speed of the energy transition. Under the "US Investment Drive Plan," this transatlantic automotive manufacturer has pledged to create 5,000 jobs in the US labor market. Due to an expected net loss in the 2025 fiscal year, the company announced the suspension of dividend payouts in 2026 and plans to raise 5 billion through the issuance of hybrid bonds.