STORY: Stellantis shares plummeted just under a quarter early Friday (February 6).
Investors sold off after it announced $26.5 billion of charges in the second half of last year.
The charges came due to Stellantis scaling back its electric-vehicle ambitions.
The selloff put shares close to their lowest level in almost six years.
And the stock will see its biggest biggest one-day drop on record if the losses hold.
The second-half charges follow similar, albeit smaller, writedowns by rivals including Ford and General Motors.
That's as many Western automakers retreat from battery-powered models in response to the Trump administration's policies and soft demand.
Stellantis CEO Antonio Filosa started downsizing the Fiat and Jeep maker's EV ambitions last year when he took over.
Previous boss Carlos Tavares' strong bet on electrification resulted in a sales decline in Europe.
And in the group's former profit powerhouse, the North American market.
Stellantis will release final second half and full-year 2025 results later this month.
