THE LATEST | CANADAFinancial Times: Carmakers were forced to overhaul their EV product and investment plans following a radical reversal in climate policy in the US, with companies that had made the biggest pivot away from petrol hit the hardest.
This month Stellantis took a $26bn charge to scrap some fully electric models and revive the popular 5.7-litre “Hemi” V8 engine in the US. It also recently decided to revive diesel engines for several European models. The write-off triggered a share sell-off that cut its market value by about $6bn…