Stellantis Stock Dips Amid Jeep Hybrid Recall, EV Strategy Concerns
Stellantis NV shares fell nearly 3% in pre-market trading following a recall of 320,000 plug-in hybrid Jeep models due to potential battery fire risks. The U.S. National Highway Traffic Safety Administration flagged damaged separators in high-voltage battery cells as the root cause. Owners have been advised to park vehicles outdoors and refrain from charging until a permanent fix is implemented.
The recall poses a significant challenge to CEO Antonio Filosa's $10 billion North American turnaround plan. Jeep's electrified models represent a critical growth vector as Stellantis races to meet decarbonization targets. This setback comes just months into Filosa's tenure, during which early signs of market share recovery had begun emerging after years of cost-cutting under previous leadership.
