Stellantis Recalls Nearly 21K Plug-In Hybrid SUVs In US Over Concerns Of Brake Pedal Disengaging
Portfolio Pulse from Anan Ashraf
Stellantis NV is recalling nearly 21,000 plug-in hybrid SUVs in the U.S. due to a potential issue with the brake pedal disengaging. The recall affects 2024-2025 Alfa Romeo Tonale and 2024 Dodge Hornet PHEV SUVs. Stellantis will fix the issue at no cost to customers. The company is also recalling other models for different issues.
October 16, 2024 | 11:47 am
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Stellantis is recalling nearly 21,000 plug-in hybrid SUVs in the U.S. due to brake pedal issues. This recall, along with others for different models, may impact investor confidence and stock performance.
The recall of nearly 21,000 vehicles due to safety concerns is significant and could negatively impact Stellantis' stock in the short term. The company is already down 44% year-to-date, and this recall adds to recent recalls of other models, potentially affecting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100