US closes probe into 7.4 million Stellantis vehicles without seeking recall

Core Insights - The National Highway Traffic Safety Administration (NHTSA) has closed a probe into approximately 7.4 million Stellantis vehicles without initiating a recall, citing a lack of confirmed serious injuries [1] - Stellantis has agreed to provide a 10-year extended warranty for vehicles from the 2010 to 2020 model years as part of the resolution [1] - The investigation, which began in 2019, reported 750 injuries but could not confirm any serious injuries unrelated to pre-existing medical conditions [1] Company Summary - Stellantis is the parent company of Chrysler and is involved in the automotive industry, specifically in the production of vehicles that have been under scrutiny by the NHTSA [1] - The company has taken steps to address safety concerns by offering an extended warranty, which may enhance consumer confidence in their vehicles [1] Industry Context - The closure of the NHTSA investigation reflects the regulatory environment surrounding automotive safety and the importance of consumer protection in the industry [1] - The decision not to seek a recall indicates that the NHTSA found insufficient evidence to warrant such action, which may influence future regulatory approaches to similar issues [1]