{"id":79483,"date":"2026-02-07T03:13:51","date_gmt":"2026-02-07T06:13:51","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/890231895"},"modified":"2026-02-07T03:13:51","modified_gmt":"2026-02-07T06:13:51","slug":"global-carmakers-book-55-billion-hit-from-ev-rollback","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/07\/global-carmakers-book-55-billion-hit-from-ev-rollback\/","title":{"rendered":"Global carmakers book $55 billion hit from EV rollback"},"content":{"rendered":"

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\"The
The largest \u200dUS automaker \u2060by would take a $6 billion charge to unwind some electric-vehicle investments.<\/span><\/figcaption><\/figure>\n

Global carmakers have booked some $55 billion in writedowns \u200din the past year as \u200bthey scale back electric vehicle ambitions on a tough \u2060US market under President Donald Trump, price wars in China and a more complex mix of vehicle types in Europe.<\/p>\n

The latest to join the growing pile is Jeep-to-Fiat \u200cowner Stellantis, which \u200crevealed charges of around 22.2 billion euros ($26.5 billion) in the second half of 2025, dragging its \u200cshares down over 20 per cent to six year lows.<\/p>\n

Stellantis CEO Antonio Filosa said the writedowns were due to the “cost of over-estimating the pace of the energy transition”, echoing similar comments by peers Ford, General Motors and Volkswagen.<\/p>\n

Legacy carmakers \u200bare struggling to keep up with new entrants, \u200bespecially from China, and watered down electrification targets in Europe and \u200cin particular \u200dthe US, a key market where the EV shift has \u200dstalled sharply.<\/p>\n

STELLANTIS<\/h3>\n

The Franco-Italian automaker booked on February 6 \u200cits huge writedown, the biggest yet, which it said was linked to rejigging its product lineup to meet consumer demand and new emission regulations in the United States.<\/p>\n

The writedown includes payments of approximately 6.5 billion euros expected to be made over the next four years.<\/p>\n

FORD MOTOR<\/h3>\n

The Dearborn, Michigan-based company said in December it would take \u200da $19.5 billion writedown and kill several EV models, and pivot hard into gas and hybrid models instead.<\/p>\n

GENERAL MOTORS<\/h3>\n

The largest \u200dUS automaker \u2060by sales said \u2060in January it would take a $6 billion charge to unwind some electric-vehicle investments, including a $4.2 billion cash charge related to contract cancellations and settlements with suppliers.<\/p>\n

VOLKSWAGEN\/PORSCHE<\/h3>\n

Volkswagen, Europe’s top carmaker, said last September it would take a 5.1 billion euro ($6 billion) hit from a far-reaching product overhaul at its Porsche unit, which delayed some EV models in favour of hybrids and combustion engine cars.That included an around $3.5 billion impairment charge.> <\/p>\n

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