Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Philippine GDP Growth Slows to 2.3% in Q2 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
OpenAI Restricts Astra AI Over Cyberattack Risks 
US Job Growth Seen Picking Up in July 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
Stellantis Corporation, the parent company of Chrysler, is recalling 19,808 plug-in hybrid minivans with mode years of 2017 and 2018. The recall was issued after the discovery of 12 fire incidents related to the said vehicle model.
As per Reuters, Stellantis is urging owners of the 2017-2018 Chrysler Pacifica Hybrid vehicles to stop recharging their units. The incidents of fire were said to have happened to parked vehicles.
It was reported the vehicles that caught fire were all parked, and their engines were turned off. Out of the 12 cases, eight of them were connected to chargers when they ignited. As of this time, Stellantis is not aware of any injuries or accidents related to the recall.
As a precaution, Stellantis told owners to avoid recharging their plug-in hybrid minivans and choose a parking space that is far from structures and other vehicles. At any rate, Stellantis issued the recall for the minivans so it could resolve the defect and eliminate the fire risk as soon as possible.
Currently, the company is working to determine what is causing the fires. Since the issue is connected to charging, owners can continue using their units using the internal combustion engine.
As stated by Stellantis in a press release, "Stellantis is working to confirm the cause of the fires. The remedy, when developed, will be provided free of charge, and affected customers will be advised when they may schedule service."
The recall affects Chrysler Pacifica Hybrid minivans in three regions, and these are 16,741 in the United States, 2,317 in Canada, and 750 outside North America. The Amsterdam, Netherlands, headquartered automotive company said it will be reaching out to the owners, and recall notifications are set to be sent out via mail next month.
The flaw was detected after Stellantis carried out a routine company review of customers' data, and the results prompted an internal investigation. This led to the discovery of 12 fire incidents on the Chrysler Pacifica Hybrid minivans.
Meanwhile, Detroit Free Press noted that Stellantis, which owns the Fiat, Chrysler, Dodge, Jeep, and Ram, voluntarily issued the recall. The company also clarified that aside from the 2017 and 2018 models, the other Pacifica models are not affected.
