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Stellantis Faces Another Vehicle Recall as Shares Defy Safety Concerns
Stellantis Faces Another Vehicle Recall as Shares Defy Safety Concerns
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BTCCSquare news:
Stellantis NV (STLA) shares edged higher despite issuing a recall of 53,849 Alfa Romeo vehicles in the U.S. due to faulty fuel pumps. The defect may abruptly cut engine power, increasing crash risks—a recurring problem for the Chrysler parent that's recalled over 175,000 vehicles this summer alone.
July's head restraint recall affecting 121,398 units compounded quality control pressures. Yet investors shrugged off the news, reflecting either confidence in the automaker's recall management or broader market optimism. The NHTSA's ongoing probe suggests regulatory scrutiny remains elevated.
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