5/25/2018, 3:04 PM (Source: TeleTrader)
more TeleTrader news

Fiat Chrysler recalls 4.8M cars in US

Fiat Chrysler Automobile N.V. said on Friday it is recalling 4.8 million vehicles in the United States in connection to a cruise-control issue.

As a result of the defect discovered during testing, drivers of 15 Jeep, Ram, Chrysler and Dodge models manufactured between 2014 and 2018 could be unable to turn off cruise control in case its acceleration occurs simultaneously with an electrical short-circuit. Fiat Chrysler added that no incidents related to the issue have been reported.

The carmaker warned owners not to use cruise control until the company releases a software update to fix the issue.

Fiat Chrysler's shares dropped 1% following the announcement.

Breaking the News / NP