These 10 Firms Led Lagged Performance on Wednesday

8. Stellantis N.V. (NYSE:STLA)

Stellantis dropped its share prices by 5.89 percent to close at $8.94 apiece as investor sentiment was dampened by news that it recalled 49,000 units of Alfa Romeos and Dodges amid rearview camera issues.

According to a report by Autoblog citing documents released by the National Highway Traffic Safety Administration, STLA recalled 49,000 vehicles due to a defect that makes them noncompliant with a federal safety standard.

Specifically, 48,494 of the units were from Alfa Romeo Tonale crossover SUV, while the remaining were for Dodge’s Hornet.

According to the report, some Tonales and Hornets may have been built with a defect that could result in rearview images not displaying in the vehicles’ screens when shifted into reverse.

“Suspect vehicles have cold soldering on a voltage regulator and/or a software defect within the microprocessor which may result in the vehicle not displaying the rearview image,” STLA said in a statement.