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Stellantis Under New Federal Recall Investigation For Gear Shifter Issue - Stellantis (NYSE:STLA)
UNITED STATES, JUL 2 – Stellantis' strategic shifts and model availability issues caused a 10% drop in U.S. Q2 vehicle sales, with Ram and Jeep gaining while Dodge and Alfa Romeo saw steep declines.
3 Articles
3 Articles
Stellantis Under New Federal Recall Investigation For Gear Shifter Issue - Stellantis (NYSE:STLA)
Stellantis N.V. (NYSE:STLA) shares are trading relatively flat on Wednesday, following a batch of mixed news, including a federal investigation, solid brand performance, and a corporate update. The company is facing a federal recall probe by the U.S. National Highway Traffic Safety Administration (NHTSA) concerning nearly 299,000 Stellantis vehicles. The investigation, known as Recall Query RQ25002, is focused on gear shifter cable bushings, whi…
Stellantis: another U.S. sales loss as GM, Ford, others gain
GM, Ford, Toyota, Hyundai, and Kia all posted healthy sales gains as Stellantis turned in a 10% loss for the quarter (11% for the year to date). Unusually, Ram split out its 1500 from its heavy duty trucks (2500 through 5500). The Ram 1500 gained in sales, by 17%, while the heavy duty fell by ...
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