Automaker stocks reverse as rotation unwinds; GM and Stellantis down ~4%, Ford down
GM fell about 4% as rotation unwinds. Stellantis fell about 4% as rotation unwinds. Ford pulled back as rotation unwinds.
Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 through the merger of the French PSA Group and Italian-American Fiat Chrysler Automobiles (FCA), which was itself created by the merger of Italy's Fiat S.p.A. and the US-based Chrysler, completed in stages between 2009 and 2014.
Source: Wikipedia (CC BY-SA)GM fell about 4% as rotation unwinds. Stellantis fell about 4% as rotation unwinds. Ford pulled back as rotation unwinds.
Stellantis (Shanghai) Automotive has initiated a recall of 979 Wrangler and 1,178 Grand Cherokee 4xe hybrid vehicles imported into China. The recall addresses potential engine damage caused by casting sand particles, which may lead to power loss or engine fires.
GM fell about 4% as rotation unwinds. Stellantis fell about 4% as rotation unwinds. Ford pulled back as rotation unwinds.