Chrysler Recalls About 34K Jeeps Over Concerns Of Wheels Dislodging
Portfolio Pulse from Anan Ashraf
Stellantis NV (NASDAQ:STLA) is recalling nearly 340,000 Jeeps in the U.S. due to risks of the wheel dislodging, potentially causing loss of vehicle control. The recall affects 2021-2023 Jeep Grand Cherokee L and 2022-2023 Jeep Grand Cherokee models. Dealers will replace damaged upper control arm pinch bolts. Additionally, nearly 28,000 Ram Promaster vehicles are being recalled over seat belt warning light issues, with dealers set to inspect and replace the seat belt buckle if necessary.
February 28, 2024 | 12:58 pm
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Stellantis NV is recalling nearly 340,000 Jeeps due to a risk of wheels dislodging and about 28,000 Ram Promasters over seat belt warning light issues.
The recall of a significant number of vehicles due to safety concerns can lead to financial implications for Stellantis NV, including the costs associated with the recall and potential damage to the brand's reputation. This could negatively impact investor sentiment and the stock price in the short term.
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