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 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 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 Recall and VW Job Threat Deepen German Industry Crisis
BMW AG has had to lower expectations for the year after a faulty braking system from supplier Continental AG prompted a recall and halt to deliveries of some 1.5 million vehicles.
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: 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 half million cars are affected.
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 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. Customers and dealers began complaining to the automaker about faulty brakes in June 2022,
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 ...
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 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 ...
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 ...
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 ...