Stellantis is recalling 201,976 Jeep Cherokee, Grand Cherokee, Wagoneer and Grand Wagoneer vehicles after NHTSA identified a software error in their tire-pressure monitoring systems. The vehicles will receive software updates.
Stellantis plans U.S. launches of extended-range electric vehicle (EREV) versions of the Ram 1500 and Jeep Grand Wagoneer. Their electric motors drive the wheels, while a gasoline engine powers an onboard generator that supplies electricity when needed; the launch will let the company test demand.
Stellantis remains committed to its €60 billion five-year strategic plan and is reportedly planning more than €1 billion ($1.16 billion) in investment; it also targets a €6 billion annual cost-reduction run rate by 2028. The company faces pressure from Chinese EV makers in Europe, while demand for its EREVs and potential gains from planned regional spending remain uncertain. Insider Monkey's review of 13F filings showed 26 hedge funds held Stellantis at the end of the second quarter of 2026, down from 32 in the previous quarter.
