Stellantis (STLAM IM) is reportedly scrapping its plug-in hybrid electric Jeep SUV and Chrysler Minivan due to slowing EV sales, according to CNBC
Newsquawk Staff ·
Stellantis (STLAM IM) is reportedly scrapping its plug-in hybrid electric Jeep SUV and Chrysler Minivan due to slowing EV sales, according to CNBC.
What it means
Stellantis' decision to scrap its plug-in hybrid SUV and Chrysler Minivan highlights a significant strategic pivot in response to slowing EV sales, reflecting broader challenges in the EV market. This move could raise concerns about demand for their EV line-up and impact investor sentiment toward Stellantis and potentially its peers in the automotive sector as they assess the viability of their electric strategies.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)
- Ferrari (RACE IM) CEO says they are very satisfied with Luce EV, with no critical issues on the production or demand side; Co. is working on next EV models
- Intesa Sanpaolo (ISP IM) Q3 2026 (EUR): Revenue 6.92bln (exp. 7bln), Net Income 2.54bln (exp. 2.50bln), NII 3.89bln (exp. 3.9bln); announces interim dividends of EUR 3.8bln
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