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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Fiat Chrysler Automobiles    FCA   NL0010877643

FIAT CHRYSLER AUTOMOBILES

(FCA)
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Statement: Power Lock Actuator Control Assembly

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05/17/2019 | 05:43am EDT
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Statement: Power Lock Actuator Control Assembly
May 17, 2019 , Auburn Hills, Mich. - FCA US LLC is voluntarily recalling an estimated 410,351 U.S.-market pickup trucks to upgrade their tailgate locking mechanisms.

An investigation by FCA US discovered the power locking mechanisms in the tailgates of these pickups share a small internal component that may break over time. If this were to happen, a vehicle's tailgate may unlatch.

FCA US is unaware of any related injuries or accidents. The campaign is limited to 2015-2017 model-year Ram 1500, 2500 and 3500 pickups equipped with eight-foot cargo beds, and 2018 versions of the same trucks produced through March 31, 2018.

The redesigned-for-2019 Ram 1500 is not affected. Its tailgate mechanism features a new design that delivers enhanced functionality, such as lift-assist.
Trucks equipped with manual tailgate locks also are excluded.


Notifications advising customers to schedule service are expected to be mailed this month. In the interim, FCA US reminds that all loose cargo should be secured while driving, as stated in the operating manuals of the affected vehicles.

Further, FCA US pickups offer alternate features to accommodate load security, such as tie-down rings, cleats, high-friction bed-liners, bulkhead dividers, and bed-extenders.

FCA US urges all customers to heed recall notices. Those who have questions may call the FCA US Customer Care Center at 1-800-853-1403.

Additional vehicles will be subject to recall in Canada (est. 63,753), Mexico (est. 4,020) and certain markets outside the NAFTA region (est. 6,985).

Disclaimer

Fiat Chrysler Automobiles NV published this content on 17 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 May 2019 09:42:04 UTC

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Financials (€)
Sales 2019 111 B
EBIT 2019 6 940 M
Net income 2019 4 509 M
Finance 2019 3 761 M
Yield 2019 5,01%
P/E ratio 2019 4,13
P/E ratio 2020 4,03
EV / Sales 2019 0,14x
EV / Sales 2020 0,13x
Capitalization 19 076 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 14,7 €
Spread / Average Target 20%
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Managers
NameTitle
Michael Mark Manley Chief Executive Officer & Executive Director
John Jacob Philip Elkann Chairman
Richard Keith Palmer CFO & COO-Systems & Castings
Harald J. Wester Chief Technology Officer
Andrea Agnelli Non-Executive Director
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