Fiat Chrysler Automobiles NV (NYSE:FCAU): Recalls SUVs To Fix Occupant Restraint Control Module

Albany, New York (10/14/2014) – A unit of Fiat Chrysler Automobiles NV (NYSE:FCAU), Chrysler Group recalls approximately 184,215 SUVs (Sport Utility Vehicles) worldwide to fix an issued related to the occupant restraint control module. A possible short circuit in this part could disable seat-belt pre-tensioners and air bags. Majority of the affected SUVs are in the North America, and an estimated 45,615 units are outside North America.

Fiat Chrysler Automobiles NV (NYSE:FCAU) anticipated such short circuit to occur in a part of certain 2014-make Jeep Grand Cherokee and Dodge Durango SUVs. The affected customers can schedule service to get their module replaced. Chrysler noted that it was not aware of any accidents or injuries related to the issue.

The Continuing Trouble

Fiat Chrysler Automobiles NV (NYSE:FCAU)’s latest recall adds on to the mounting problem of vehicle recalls by many automakers to fix some or the other glitches. Chrysler Group itself recalled approximately 22,100 small cargo vans last week to fix side air bag deployments. The U.S. safety regulators reported 25 unexpected deployments in Ram C/V Tradesman vans.

Earlier this month General Motors Company (NYSE:GM) also announced recalling of more than half a million cars and SUVs worldwide for different problems. The U.S. auto giant has issued some 74 recalls year-to-date, affecting 30 million vehicles in aggregate.

Major Recalls in October

Ford Motor Company (NYSE:F) and Toyota Motor Corp (ADR) (NYSE:TM) alongside Fiat Chrysler Automobiles NV (NYSE:FCAU) and others have recalled vehicles in the current month. The U.S. National Highway Traffic Safety Administration website enlists about 22 recalls so far in October 2014.

Ford Motor Company (NYSE:F) recalled its 2013-2014 Lincoln MKZ and C-Max models for air bags related issued. The automaker also recalled 2014-2015 Lincoln MKC and Ford Escape for potential stalling. Toyota recalled approximately 690,000 Tacoma vehicles from 2005-2011 for issued related to fuel tanks puncture. It also recalled 2014-make Toyota FJ Cruiser vehicles for potential loss of steering control.

About the Author

Adam is a staff reporter for US Markets Daily Publications & Media, covering foreign affairs and domestic policy.

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