Stellantis is recalling more than 20,000 hybrid crossover SUVs in the U.S. due to a potential issue with the brake pedal that's led to over a dozen incidents. The automaker announced on Wednesday that an estimated 20,755 2024-2025 model-year Alfa Romeo Tonale plug-in hybrid (PHEV) SUVs and 2024 model-year Dodge Hornet PHEV SUVs are impacted by the recall. The automaker said the vehicles "may have been built with a brake pedal that could inadvertently disengage while braking," according to the recall notice. ...

Stellantis N.V. (STLA) has been grappling with declining sales and market share, a trend that began before this year. In 2023, it was an outlier among competitors as its losses surpassed competitors and its market share fell below General Motors, Toyota, Ford and even Hyundai. The company has reported multiple consecutive quarters with sales declines of 20% or more in the United States. Recently, its U.S. market share dropped below Honda's. Losing market share appears to be a significant shift for a company ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Stellantis N.V. securities between February 15, 2024, and July 24, 2024, of the October 15, 2024, deadline to become a lead plaintiff in a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Stellantis securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by October 15, 2024 [2]. - The lawsuit alleges that during the Class Period, Stellantis provided misleading information regarding its expected revenue for 2024, including claims of reduced inventory levels and positive cash flow, while concealing adverse facts [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in achieving significant settlements [3]. - The firm has been recognized for its performance in securities class action settlements, including a record settlement against a Chinese company and ranking first in 2017 for the number of settlements [3]. - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability in recovering substantial amounts for clients [3].

Key Takeaways Stellantis shares lost ground Friday after the automaker announced a shakeup of its management as it tries to recover from a sales slump. The changes included replacing CFO Natalie Knight with China COO Doug Ostermann. The company said the changes were made to "redouble" its focus on key priorities and address global challenges facing the industry. Stellantis (STLA) shares lost ground in early trading Friday after the "Big Three" automaker announced an executive shakeup as it tries to recover ...

NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Stellantis N.V. (NYSE: STLA) between February 15, 2024 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 15, 2024 lead plaintiff deadline. SO WHAT: If you purchased Stellantis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WH ...

Stellantis to Announce Third Quarter 2024 Shipments and Revenues on October 31 AMSTERDAM, October 10, 2024 - Stellantis N.V. announced today that its Third Quarter 2024 Shipments and Revenues will be released on Thursday, October 31, 2024. A live webcast and conference call for the Third Quarter 2024 Shipments and Revenues will begin at 1:00 p.m. CET / 8:00 a.m. EDT on Thursday, October 31, 2024. The related press release and presentation materials will be posted under the Investors section of the Company's ...

American car brands Jeep, Ram, Dodge and Chrysler are struggling under their new owner. The European-American giant Stellantis is the world's fifth-largest automaker by volume, according to S&P Global Mobility. The 2021 merger of the French maker Groupe PSA and the American-Italian Fiat Chrysler promised billions of dollars of savings in synergies and new opportunities for brands spanning two continents to share the burden of developing costly new technologies such as electric vehicles and software. Some of ...

NEW YORK, Oct. 10, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Stellantis N.V. (NYSE: STLA). Shareholders who purchased shares of STLA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/stellantis-loss-submission-form/?id=107509&from=4 CLASS PERIOD: February 15, 2024 to Jul ...

AUBURN HILLS, Mich., Oct. 9, 2024 /PRNewswire/ -- No tricks, all treats! The Chrysler brand is dressing up for the most spooktacular Halloween, announcing Chrysler Pacifica as the Official Minivan of Trunk or Treat, highlighting the "scary" good capability and "fiendishly" flexible family-friendly features of the Pacifica. No tricks, all treats! The Chrysler brand is dressing up for the most spooktacular Halloween, announcing Chrysler Pacifica as the Official Minivan of Trunk or Treat, highlighting the "sca ...

NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Stellantis N.V. ("Stellantis" or the "Company") (NYSE: STLA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Stellantis investors who were adversely affected by alleged securities fraud between February 15, 2024 and July 24, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/stellantis-lawsuit-submi ...