Stellantis N.V. shares fell 4% to $5.77 after the company announced a major recall of its popular Jeep models, creating significant safety and financial concerns.
- The recall affects over 1.3 million Jeep Wrangler and Gladiator vehicles globally due to the risk of an under-hood fire.
- Stellantis has urgently advised owners to park their vehicles outdoors and away from structures until a repair is available.
- The issue is linked to at least 72 fires and one injury, prompting an investigation by the National Highway Traffic Safety Administration (NHTSA).