Stellantis' Chrysler Recalls Nearly 100K SUVs Over Faulty Seatbelts
Portfolio Pulse from Anan Ashraf
Stellantis NV's Chrysler has recalled over 97,000 Jeep Grand Wagoneer and Wagoneer SUV vehicles due to faulty seat belts. The company will replace the seat belt buckle free of charge. This year, Chrysler has issued 40 recalls affecting over 2.5 million vehicles, second only to Ford Motor Co. which has issued 48 recalls affecting 5.4 million vehicles. General Motors Co. has issued 19 recalls.
November 01, 2023 | 10:05 am
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NEGATIVE IMPACT
Ford Motor Co. has issued 48 recalls this year, affecting 5.4 million vehicles, the highest among the 'Detroit Big Three'.
The high number of recalls issued by Ford this year could negatively impact the company's reputation and financials. The cost of addressing these recalls could also impact the company's profits.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Stellantis NV's Chrysler has recalled over 97,000 vehicles due to faulty seat belts. This is the 40th recall issued by Chrysler this year, affecting over 2.5 million vehicles.
The recall of a significant number of vehicles due to safety issues could negatively impact Stellantis' reputation and financials in the short term. The cost of replacing the faulty seat belts and potential reimbursements to customers could also impact the company's profits.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
General Motors Co. has issued 19 recalls this year, the lowest among the 'Detroit Big Three'.
While General Motors has issued the least recalls among the 'Detroit Big Three', the impact on the company's reputation and financials is still negative. However, the lower number of recalls compared to its peers could be seen as a positive.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50