Recall affects Ram 1500 trucks and Jeep models, though no injuries or crashes have been reported.
Stellantis N.V. STLA shares are trading higher on Monday. On Thursday, the parent company of Chrysler reportedly disclosed a recall of 1.46 million vehicles worldwide.
The recall covers nearly 1.23 million Ram 1500 trucks from the 2019 and 2021-2024 model years in the U.S.
About 159,000 vehicles in Canada, 13,000 in Mexico, and 61,000 elsewhere have also been recalled, reported Reuters.
The National Highway Traffic Safety Administration (NHTSA) reported that a software malfunction could disable the electronic stability control system via the anti-lock brake system control module.
These vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 126, "Electronic Stability Control Systems.
As per the report, Stellantis stated that if the issue occurs, the ABS, ESC, Adaptive Cruise Control, and Forward Collision Warning indicator lights will illuminate at startup, signaling that these systems are not operational. However, foundational braking will still function.
Stellantis reported that it is unaware of any related injuries or crashes. Additionally, the company is recalling about 33,000 Jeep Gladiator models from 2020-2024 and Jeep Wrangler vehicles from 2018-2024 due to a potential internal short circuit issue in the instrument panel cluster.
Last week, Jeep reportedly temporarily stopped producing its Wrangler and Grand Cherokee models due to high inventory levels.
Stellantis, Jeep's parent company, confirmed "production adjustments" at the mentioned facilities. However, the duration of the production halt remains unclear.
Price Action: STLA shares are up 0.35% at $15.56 at the last check Monday.
Photo by Jonathan Weiss on Shutterstock
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