Will Fiat Chrysler (FCAU) Stock be Hurt by Jeep Wrangler Air Bag Probe?

NEW YORK (TheStreet) -- Fiat Chrysler (FCAU) shares are gaining, up 0.83% to $15.69, on Tuesday despite reports that the company may be forced to recall over 600,000 Jeep Wrangler vehicles due to an airbag issue, according to the Associated Press.

U.S. safety regulators are investigating whether the airbags in 630,000 Wranglers made between 2007 and 2012 could potentially not inflate during a car crash.

The National Highway Traffic Safety Administration said that it has received over 200 complaints that the airbag warning light in the vehicles is on which indicates an electrical problem in the steering wheel.

The agency has not reported any injuries or fatalities related to the problem and Fiat said that it is cooperating with the investigation.

FCAU Chart FCAU data by YCharts

More from Markets

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer