After a record 2023, Chrysler and Jeep parent Stellantis has hit a rough patch of road. Wall Street is growing concerned. Thursday, Barclays analyst Henning Cosman downgraded shares of Stellantis to Hold from Buy.

Key Takeaways Stellantis reported U.S. sales slumped 20% year-over-year in the third quarter as all of its brands except Fiat posted declines.The automaker will continue to offer incentives begun in the beginning of the quarter through the rest of the year.

Shares in automaker Stellantis (NYSE:STLA) fell Thursday after the company’s CEO Carlos Tavares reaffirmed that the company's dividend and share buyback program will remain intact for 2024. However, he did not dismiss the

Jeep is recalling over 194,000 of their top-selling hybrids because of a potential fire risk.

Jeep is recalling more than 194,000 plug-in hybrid SUVs worldwide because they can catch fire with the ignition turned off.

Car companies Stellantis and Chrysler have issued a recall after fires were traced back to certain Jeep hybrid plug-in models.