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Stock impact report

Fiat Chrysler issues urgent cruise control warning for 4.8 million U.S. vehicles [ABC News]

FIAT CHRYSLER AUTO NV (FCAU) 
Last fiat chrysler auto nv earnings: 2/6 06:58 am Check Earnings Report
Company Research Source: ABC News
As millions of Americans hit the road for Memorial Day weekend, Fiat Chrysler and federal regulators are urgently warning drivers of 4.8 million American sedans, SUVs, minivans and pickup trucks to avoid using the cruise control until their vehicle is fixed. The automaker has discovered at least one instance of a driver unable to disengage the cruise control, a spokesperson told ABC News. A recall has been issued for all 4.8 million affected vehicles and FCA will update the software free of charge. Forcefully applying the brakes will overpower any acceleration and bring the vehicle to a stop, the manufacturer told ABC News, but drivers may have to shift the into neutral or park to fully disengage the feature. Takata to Pay $1 Billion, Plead Guilty in Airbag Fraud Case German officials order recall of Mercedes diesel vans Fiat-Chrysler is unaware of any related injuries or accidents. In at least one known case, the driver was able to stop and disengage by Show less Read more
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