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Stellantis is in a crisis of its own making

Lawrence Ulrich

created: Feb. 21, 2026, 1 p.m. | updated: Feb. 22, 2026, 8:50 p.m.

Leave it to Stellantis to face the most titanic charge yet, a $26.5 billion bill for its own misplaced bet on EVs. The names may change — Stellantis, Fiat Chrysler, DaimlerChrysler, Chrysler Corp. — but the company stays frustratingly familiar. Stellantis plans to ship 100,000 Hemi engines from its Saltillo, Mexico, factory in 2026, tripling output to power Ram 1500 pickups, Jeep Wranglers, and other models. Like GM, Ford, or Toyota, Stellantis is forecasting a financial windfall from the Trump administration’s blank check on pollution and mileage rules. In Europe, Stellantis’ Peugeot and Citroen brands were doing solid EV sales.

1 day, 12 hours ago: The Verge