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 1.5 million vehicles worldwide.
FILE - The logo of German car manufacturer BMW is fixed at the headquarters in Munich, Germany, Friday, May 14, 2021. NEW YORK —
Now, BMW expects that some 1.53 million vehicles across five countries are affected — including about 370,000 in China, 270,000 in the U.S., 150,000 in Germany, 70,000 in Korea and 60,000 in France.The affected vehicles were produced between June 2022 and August 2024, per BMW, and several models are covered. That includes select BMW X models , the 5 and 7 Series, Rolls-Royce Spectre, MINI Cooper and Countryman.
German auto supplier Continental AG confirmed Tuesday that it makes this integrated brake system for BMW, and that the faulty component can cause the case to rely on its back up level. In a statement, Continental also pointed to diagnostic software available to detect this potential issue “well before it occurs.”
Cars General News Product Recalls A World News Business Continental AG F Auto Industry China World News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Volvo XC90 Recharge and 2024 Genesis GV60 Show Electrified AlternativesTag along while we put the 2024 Volvo XC90 Recharge and Genesis GV60 thorugh their paces on the latest episode of Talking Cars with the Boss.
Read more »
2024 Dutch Grand Prix 2024 Odds, Picks, & Predictions: Max, Lando Reignite Rivalry at ZandvoortF1 odds for the 2024 Dutch Grand Prix list Max Verstappen and Lando Norris as co-favorites with Oscar Piastri next in line.
Read more »
US Election 2024: Democratic Climate Platform Is Okay For 2020, But It’s 2024The best that can be said of the weak-sauce, Biden-centric, backward looking climate section of the DNC platform is that it doesn't hobble Harris and Walz.
Read more »
2024 Italian Grand Prix 2024 Odds, Picks & Predictions: Changing of the Guard?Formula 1 odds have shifted to reveal Lando Norris, not Max Verstappen, as the betting favorite to win the 2024 Italian Grand Prix.
Read more »
Spurs Starter, September 10, 2024: Spurs Announce 2024-25 Restaurant LineupYour daily briefing on what's going on with the San Antonio Spurs, including news, draft & more.
Read more »
9 thoughts about 2024 BMW i4 eDrive35The 2024 BMW i4 eDrive35 is the least-powerful, most-affordable i4. Here are some impressions from a week driving this EV.
Read more »