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LISTEN: Stellantis Discontinues Hydrogen Development
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Eric Sorensen
Big 3 pillar Stellantis issued a rather shocking warning this week when it reported preliminary financial figures that estimate a $2.7 billion first half loss.
And as the auto company gets focused on the poor financials – impacted largely by tariff costs and related production losses – it’s also unveiled some strategic changes relating to R&D.
Stellantis said it will suspend its development program and - with it - will discontinue the hydrogen powered commercial vans that it had previously planned to begin making this year.