Auto loan rates climb to the highest level since 2010
FOX Business’ Jeff Flock reports on the latest news emerging from the auto industry as data reveals insurance prices have surged year-over-year.
Stellantis, an automotive manufacturer, is recalling around 1.5 million Ram pickup trucks due to a software issue that can disable a vehicle’s electronic stability control (ESC).
In a statement obtained by Reuters on Saturday, Stellantis explained that the affected pickup trucks’ anti-lock brake software may accidentally shut down the vehicles’ ESC. ESC systems are designed to prevent cars from losing control by controlling the vehicles’ throttles and brakes when skidding is detected.
The recall impacts trucks from the 2019, 2021, 2022, 2023 and 2024 model years. Most of the vehicles are in North America.
U.S. government regulations require ESC systems to work during all phases of driving, which prompted the recall.
PRIVATE SECTOR JOB GROWTH COOLS TO 99,000 IN AUGUST, WELL BELOW ESTIMATE: ADP
Stellantis is recalling certain Ram pickup trucks, the company announced Saturday. (Getty Images / iStock / Getty Images)
Stellantis clarified that the affected vehicles’ brakes would still work if an issue were to arise with the software, and said that there have been no reported injuries or crashes related to the recall.
Owners of affected Ram vehicles will be notified via mail starting on October 3, Stellantis said. The issue is fixable at Ram dealerships at no cost to owners.
PAY FOR NEW HIRES IS FALLING IN SOME BLUE-COLLAR JOBS
A Ram 1500 model is seen on a lot at the Mak Haik dealership on December 14, 2022, in Houston, Texas. (Brandon Bell/Getty Images / Getty Images)
Ram pickup truck owners are advised to enter their vehicle identification numbers (VIN) on Ram’s recall page to see if their vehicle has been affected.
Fox News Digital reached out to Stellantis for comment. There is no additional information about the recall at this time.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
A Ram emblem is seen on a 1500 model at the Mak Haik dealership on December 14, 2022 in Houston, Texas (Brandon Bell/Getty Images / Getty Images)
Reuters contributed to this report.