Stellantis write-down drags down European auto stocks

Glonghui, February 6th｜European auto stocks fell across the board after Stellantis announced a €22 billion write-down, a move that is part of its restructuring strategy to divest some of its automotive assets. Stellantis shares listed in Milan plunged 23%, marking the stock's worst single-day performance since the company's establishment in 2021.