BMW, recall
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 triggered by hefty expenses of addressing a braking system recall that impacts more than 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 find extent of brake defect behind recall
BMW Group was alerted to a braking system fault in 2022 that is expected to cost the automaker nearly €1 billion to fix and could affect up to 1.5 million vehicles.
BMW braking system recall of 1.5M cars contributes to automaker’s soft outlook
The affected vehicles were produced between June 2022 and August 2024, per BMW, and several models are covered.
BMW recall of more than 1.5m vehicles will hit the German auto giant's sales and earnings this year - could your car be affected?
BMW bosses have said this week that the hefty expense of addressing the recall could cost a 'high three-digit million (euro) amount'.
BMW shares plunge after vehicle recalls for brake system fix
BMW has downgraded its full-year outlook following a braking system malfunction that led to a recall of more than 1.5 million vehicles. View on euronews
BMW recalls 1.5 million cars over bad brake, cuts outlook
ABS-CBN News file photo Frankfurt, Germany - BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker's shares tumbling.
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 ...
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 ...
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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) ...
BMW Recall and VW Job Threat Deepen German Industry Crisis
German carmakers are sinking deeper into a crisis undermining the future of the country’s most important industry, with BMW ...
BMW: Huge recall and profit warning due to defective Conti brakes
BMW now has to issue a profit warning due to problems with electric brakes that have persisted since March. Over one and a ...
BMW’s Massive Global Recall Could Cost Nearly $1 Billion
BMW is facing lots of problems, but none more serious than an Integrated Braking System recall that affects more than 1.5 ...
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 ...
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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 ...
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BMW Recalls 1.5 Million Cars Over Braking System
NEW YORK — BMW is lowering sales and earnings targets for fiscal 2024, in a move the luxury German carmaker said was partially triggered by hefty expenses of addressing a braking system recall ...