Stellantis Recalls Nearly 20,000 Pacifica PHEVs Over Battery Fire Risks (UPDATED)
Portfolio Pulse from Anan Ashraf
Stellantis NV (NYSE:STLA) is recalling nearly 20,000 Pacifica Plug-In Hybrid Vehicles (PHEVs) in the U.S. due to battery fire risks. The recall affects model years 2017-2021. The company will update the Battery Pack Control Module software or replace the battery pack assembly. Stellantis has advised owners not to charge their vehicles and to park them away from other vehicles and structures until the fix is deployed.
July 23, 2024 | 10:50 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Stellantis NV is recalling nearly 20,000 Pacifica PHEVs in the U.S. due to battery fire risks. The recall affects model years 2017-2021. The company will update the Battery Pack Control Module software or replace the battery pack assembly. Stellantis has advised owners not to charge their vehicles and to park them away from other vehicles and structures until the fix is deployed.
The recall of nearly 20,000 Pacifica PHEVs due to battery fire risks is a significant issue for Stellantis. The recall affects multiple model years and requires either a software update or battery pack replacement. This could lead to short-term negative sentiment and potential financial costs for the company, impacting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100