BMW Took Two Years to Find Extent of Defect Behind Recall
It took BMW AG more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
BMW Recalls 1.5 Million Cars After Two-Year Probe Into Braking Issues
Good morning! It’s Monday, September 16, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.
BMW take 2 years to discover faulty brakes; Recall 1.5 million cars
According to media reports, BMW took more than two years to discover the full extent of the fault in its car's braking system. Reports mention that the first faulty brake complaints came in June 2022.
BMW Faces $1 Billion Recall for Faulty Brakes
In a significant setback for the luxury automaker, BMW AG has announced a massive recall affecting 1.5 million vehicles worldwide due to a faulty braking system. The recall, which is expected to cost the company nearly €1 billion ($1.
BMW Recalls 1.5 Million Cars Over Braking System Issue
BMW is recalling 1.5 million vehicles worldwide across its three-brand lineup over a braking system issue, including 270,000 cars in the United States. The recall impacts selected cars built since August of 2022, including the BMW 5-Series and 7-Series, the Rolls-Royce Spectre, two Mini variants, and multiple BMW crossovers.
BMW took two years to establish brake fault extent – report
BMW took over two years to discover the extent of a braking system fault that is expected to cost it almost EUR1bn (US$1.1bn) to fix.
BMW cuts guidance after faulty brake systems prompt recall
BMW cut its annual outlook over over a faulty braking system from Continental that prompted recalls and delivery stops affecting 1.5 million vehicles. The automaker now forecasts an operating margin as low as 6 percent,
BMW took over 2 years to find this defect in its 1.5 million cars
BMW faces a €1 billion recall affecting 1.5 million cars due to faulty brakes. Complaints began in June 2022, but severity was only realized last month.
BMW braking system recall of 1.5M cars contributes to auto maker’s decision to cut back 2024 outlook
BMW is lowering sales and earnings targets for the 2024 fiscal year, in a move the luxury German car maker said was partially ...
BMW posts profit warning on recall of braking system and weak Chinese demand
The German carmaker cut its guidance as it said it expects to take a “high three-digit million” hit in warranty costs from ...
German carmakers face crisis: BMW’s braking scandal highlights industry challenges
BMW scandal of discovering the braking issues two years too late could potentially cost the company over $1 billion.
BMW Cuts Financial Targets on Recall Costs, Low China Demand
BMW lowered its sales and earnings targets, saying expensive measures to fix a braking-system problem and muted demand in the ...
Huge BMW recall will hit the car giant's sales and earnings this year
BMW bosses have said this week that the hefty expense of addressing the recall could cost a 'high three-digit million (euro) amount'.