Stellantis Recall: Over 300,000 Ram Trucks Affected by Faulty Braking Systems

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The automaker is also grappling with declining sales, which have led to layoffs and rising inventories. Last quarter, Stellantis reported a 27% drop in net revenues compared to the same period last year.

Stellantis was formed in 2021 through the merger of Fiat Chrysler Automobiles and the French PSA Group, with headquarters in Hoofddorp, Netherlands. Despite current struggles, the company remains a significant player in the global automotive industry.