Jeep maker Stellantis announces a ‘reset’ of its business and massive charges. Shares crumble

By Olesya Dmitracova, CNN London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off . The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments