Why Fiat Stock Is Lower On Wednesday

NEW YORK (TheStreet) -- Shares of Fiat SpA (FIATY) are lower today by 2.4% to 11.88 after Chrysler announced that it's recalling about 870,000 SUVs because corrosion may make the vehicles' brakes harder to use, according to the Associated Press..

Jeep Grand Cherokee and Dodge Durango SUVs from the 2011 through 2014 model years are involved in the recall.

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