Fiat Chrysler (FCAU) To Recall 5.3M Units In North America
Zacks Investment Research | May 28, 2018 08:59AM ET
Per Reuters, Fiat Chrysler Automobiles N.V. (NYSE:FCAU) announced the recall of more than 5.3 million vehicles sold in North America to fix a defective cruise control. In unusual situations, the defect might prevent drivers from deactivating the vehicle’s cruise control. The device usually helps drivers to retain a constant speed without intervention.
Further, the company has warned owners not to use the faulty function before the software gets updated in their vehicles.
Out of the total recalled vehicles, more than 4.8 million are from the United States while 490,000 are from Canada. The recall includes gasoline-based combustion engine vehicles with model years ranging from 2014 through 2019. The vehicles include Chrysler 200, Chrysler 300, Chrysler Pacifica, Dodge Charger, Dodge Challenger, Dodge Journey, Jeep Grand Cherokee, Jeep Wrangler, and Ram 1500, 2500 and 3500 pickup trucks, Dodge Durango, Jeep Cherokee, and Ram 3500/4500/5500 cab chassis trucks. Owners of the affected vehicles will be informed this week and the repairs will be done free of cost.
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