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Stellantis Shares Fall About 4% on Recall of 955,000 Vehicles Over Rearview Camera Issue

GuruFocus.com +2 ·

STLA
STLA Stellantis N.V
$5.36 -0.19%
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  1. 1Stellantis (STLA) recalled roughly 955,000 vehicles worldwide due to a rearview camera software defect.
  2. 2The recall includes about 848,000 vehicles in the U.S., and shares fell about 4% to $5.15 on Monday.
  3. 3With Q2 revenue of $43.5 billion and an adjusted operating margin of 1.8%, the recall adds further pressure on improving profitability.

This 3-line summary is compiled from the report below.

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