Chrysler parent Stellantis (NYSE: STLA) is recalling 63,082 crossover SUVs in the United States over concerns of loss of drive power due to a power transfer unit issue, the National Highway Traffic Safety Administration said on Wednesday.
The recall affects certain 2017-2019 model year Jeep Cherokee vehicles.
A damaged power transfer unit may disengage the transmission and result in a loss of drive power or park function, increasing the risk of a crash, NHTSA said, adding a remedy for the issue is under development.
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Maria Reed is a financial journalist with a passion for covering US equities. She joined the ABBO News team in June 2023. Maria holds an M.S. degree in International Economics and Finance from Otto-von-Guericke University in Magdeburg and is a CFA Level 2 candidate. Read Full Bio
