Stellantis, the parent company of Chrysler, is recalling over 33,000 Ram 1500 trucks in the U.S. due to a potential issue with the front wheel hub encoder rings, which could disable the electronic stability control system and increase the risk of a crash. This marks the third recall involving a significant number of Ram 1500 vehicles this month.
Stellantis is facing another round of recalls, this time affecting thousands of its Alfa Romeo and Dodge SUVs for potential brake pedal disengagement issues. Additionally, over 30,000 Ram 1500 Classic trucks are being recalled due to concerns about detaching mirror glass. These recalls come on the heels of previous recalls for fire risks in Jeep SUVs and turn signal malfunctions in Ram trucks.
Stellantis N.V. (STLA) shares are trading higher despite the company’s announcement of a recall affecting 1.46 million vehicles globally. The recall includes Ram 1500 trucks, Jeep Gladiator models, and Jeep Wrangler vehicles, citing potential safety concerns. Despite the recall, STLA shares are up 0.35% on Monday.
