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Fiat Chrysler Automobiles to Investigate Jeep Grand Cherokee Crash that Killed Actor Anton Yelchin (NYSE:FCAU)

Fiat Chrysler Automobiles to Investigate Jeep Grand Cherokee Crash that Killed Actor Anton Yelchin (NYSE:FCAU)

LONDON: Car manufacturer Fiat Chrysler Automobiles N.V (NYSE:FCAU) will be investigating the accident that killed actor Anton Yelchin, which involved a 2015 Jeep Grand Cherokee – a model the company recalled in April, according to media reports Yelchin, who played Chekov in the recently rebooted of Star Trek movies, was killed over the weekend when his Jeep Grand Cherokee rolled away and pinned him against the driveway mailbox and fence of his Los Angeles home. The SUV model was one of 1.1 million vehicles recalled worldwide because of a “rollaway” issue – when drivers mistakenly believed they had placed their cars or SUVs in park before exiting, only to have the vehicles roll away. The issue has been linked to 41 injuries, according to various media reports. Fiat Chrysler said in a statement it is “in contact with the authorities and is conducting a thorough investigation.” It also said it was “premature to speculate on the case of this tragedy.” Shares were up 4.8% at $7.09 in recent trade.

The stock increased 4.14% or $0.28 on June 20, hitting $7.04. About 5.62M shares traded hands. Fiat Chrysler Automobiles NV (NYSE:FCAU) has declined 26.34% since November 11, 2015 and is downtrending. It has underperformed by 26.16% the S&P500.

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as after-sales services and parts under the Mopar brand.

The company also produces and sells lighting components, body control units, suspensions, shock absorbers, electronic systems, exhaust systems, powertrain components, engine control units, plastic molding components, and after-market under the Magneti Marelli brand name. In addition, it offers cast iron components for engines, gearboxes, transmissions and suspension systems, and aluminum cylinder heads under the Teksid brand; and designs and produces industrial automation systems and related products for the automotive industry under the Comau brand name. Further, the company is involved in media and publishing businesses. It sells its products directly, or through distributors and dealers in approximately 150 countries. Fiat Chrysler Automobiles N.V. was founded in 1899 and is based in London, the United Kingdom.