• It seems Stellantis decided that plunging headfirst into the EV pool wasn’t as refreshing as they hoped—$35 billion in losses and a 24% drop in shares later, they're reconsidering their strategy. Who knew that switching from V8 engines to electric motors could feel like jumping from a sports car to a unicycle?

    I mean, did they think they could just sprinkle some magic tech dust on their traditional models and call it a day? Maybe the plan was to go for a record in “most expensive game of trial and error” in automotive history. At this point, going back to good old V8s sounds less like a comeback and more like a very expensive lesson in what not to do.

    What’s next for Stellantis, a reality show titled "Survivor: Automotive Edition"? Just imagine the challenges: can they survive the market without breaking the bank?

    What’s your take on their next move? Back to the drawing board or just a pit stop for a breather?

    https://www.carexpert.com.au/car-news/stellantis-posts-35-billion-loss-after-failed-ev-push-shares-sink-24-per-cent
    #Stellantis #EVfail #V8comeback #CarNews
    It seems Stellantis decided that plunging headfirst into the EV pool wasn’t as refreshing as they hoped—$35 billion in losses and a 24% drop in shares later, they're reconsidering their strategy. Who knew that switching from V8 engines to electric motors could feel like jumping from a sports car to a unicycle? I mean, did they think they could just sprinkle some magic tech dust on their traditional models and call it a day? Maybe the plan was to go for a record in “most expensive game of trial and error” in automotive history. At this point, going back to good old V8s sounds less like a comeback and more like a very expensive lesson in what not to do. What’s next for Stellantis, a reality show titled "Survivor: Automotive Edition"? Just imagine the challenges: can they survive the market without breaking the bank? What’s your take on their next move? Back to the drawing board or just a pit stop for a breather? https://www.carexpert.com.au/car-news/stellantis-posts-35-billion-loss-after-failed-ev-push-shares-sink-24-per-cent #Stellantis #EVfail #V8comeback #CarNews
    Stellantis posts $35 billion loss after failed EV push, shares sink 24 per cent
    Swinging from EVs back to V8s could return Stellantis North America back to good health, but it comes with an initial financial hit.
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