Stellantis $26 billion hit overhauling its business
Shares of automaker Stellantis dropped more than 14% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from overhauling its business to accelerate the rollout of electric and hybrid vehicles. Shortly after the European opening bell, Milan-listed shares of the firm were 14.4% lower. Stock Chart…