Fiat Chrysler is recalling more than 566,000 trucks and SUVs
in two recalls for malfunctioning fuel heaters that can cause fires and a software glitch that can disable the electronic stability control.
The recalls announced Wednesday will cover:
1- circa 382,000 Ram 2500 and 3500 pickups and Ram 4500 and 5500 chassis cabs from 2010 through 2014. In trucks with 6.7-Liter Cummins diesel engines, corrosion on a fuel heater terminal could cause overheating, fuel leaks and fires. Neither fires, nor injuries have been reported so far.
2- more than 184,000 Jeep Grand Cherokee and Dodge Durango SUVs from 2014. A debris cover over a circuit board in the steering column control module can disrupt communications and disable the stability control.
It seems it has been a hectic week for the company, whose longtime quality chief, Doug Betts, abruptly left on Tuesday
after Fiat Chrysler performed poorly in Consumer Reports magazine's annual reliability rankings.
Also on Wednesday
, Chrysler announced its plan to spin off Ferrari. FCA said in a statement
it will offer a 10% stake of Ferrari on the market and distribute the rest of the company to its shareholders.
Ferrari has been part of Fiat since 1969
, when Fiat first acquired a 50 percent stake in the automaker. But Fiat’s mass-market focus, particularly after it took a controlling stake in Chrysler five years ago, made Ferrari a bit of an odd fit.
Ferrari is one of two luxury brands owned by Fiat, the other one is Maserati. Both brands are managed separately from Fiat’s mass-market auto and truck lines.
FCA, which moved its primary share listing to New York earlier this month, wants to invest 48 billion euros
($61 billion) over the next five years to turn Jeep, Maserati and Alfa Romeo into global brands and rival Volkswagen and BMW by strengthening its position in the fast-growing and high-margin market for premium cars.
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