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Stock impact report

Fiat Chrysler recalls nearly 5 million vehicles because of cruise-control glitch [MarketWatch]

FIAT CHRYSLER AUTO NV (FCAU) 
Last fiat chrysler auto nv earnings: 2/6 06:58 am Check Earnings Report
Company Research Source: MarketWatch
Fiat Chrysler recalls 4.8 million U.S. vehicles for cruise control software glitch DETROIT—Fiat Chrysler Automobiles NV said Friday it is recalling nearly five million vehicles in the U.S. to fix a flaw that prevents drivers from slowing down by canceling the cruise control function. The auto maker FCAU, -1.93% said that drivers could lose control of vehicle speed “in an unlikely series of events” involving a short circuit in an electrical network, which would then maintain a set speed even if the brakes are tapped or a driver attempts to turn it off. Fiat Chrysler said the errant cruise control can be overpowered by continuous application of the brakes or by shifting into neutral and bringing the vehicle to a halt. The company said it is not aware of any accidents or injuries from the flaw, but did identify one owner of a 2017 Dodge Journey crossover who experienced it. It impacts certain 2014-2019 model year vehicles with automatic transmissions and gasoline-powered engines, the Show less Read more
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