Stellantis On NHTSA Recall, Says Certain Vehicles May Have Been Equipped With Sabic Inflators That Had Moisture Introduced During Supplier Manufacturing; Unaware Of Any Related Injuries Or Accidents; Inflators Do Not Use The Same Propellant Or Inflator Design As Previously Recalled Takata Air Bags; Defect Is Estimated To Exist In <1% Of The Recall Population
Portfolio Pulse from Benzinga Newsdesk
Stellantis announced a recall due to certain vehicles possibly being equipped with Sabic inflators that had moisture introduced during manufacturing. The company stated it is unaware of any related injuries or accidents. The inflators in question do not use the same propellant or design as the previously recalled Takata air bags. The defect is estimated to exist in less than 1% of the recall population.
March 22, 2024 | 3:11 pm
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NEUTRAL IMPACT
Stellantis is recalling certain vehicles due to potential issues with Sabic inflators introduced during manufacturing. The company has not reported any related injuries or accidents, and the defect is estimated to affect less than 1% of the recall population.
The recall announcement by Stellantis involves a potential safety issue, which could concern investors and affect the company's reputation. However, the impact on the stock price may be limited due to the company's proactive approach in addressing the issue, the absence of reported injuries or accidents, and the fact that less than 1% of the recall population is estimated to be affected. This suggests a managed risk, which is why the score is neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90