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BMW, braking system fault
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 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 took two years to discover billion-euro car fault
The company's shares plummeted last week on its profit warning as it revealed the scale of the problem, with €5bn at one stage being wiped off its value.
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 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.
5d
on MSN
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 ...
5d
BMW braking system recall contributes to 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 ...
5d
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.
5d
on MSN
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 ...
3d
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 ...
5d
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 ...
6d
on MSN
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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