BMW to recall 350,000 cars
Discussion
Just saw this popped up on BBC, hopefully not a repost
http://www.bbc.co.uk/news/business-11452486
http://www.bbc.co.uk/news/business-11452486
BBC said:
BMW has said that it will recall up to 350,000 luxury cars worldwide due to a problem with brakes.
BMW said the recall was in response to a fault with the power braking system, but the cars were not unsafe
The recall affects V8 and V12 engine cars in the BMW 5, 6 and 7 ranges, and Rolls-Royce - a BMW subsidiary - built between July 2001 and November 2009.
Of the total, 11,427 cars - including 905 Rolls-Royces - are in the UK, and 198,000 in the US.
"In the affected vehicles, a leak may develop in the power braking system, potentially causing a vacuum loss and consequent reduction of power braking assistance," said the company in a statement.
However, mechanical braking is still available to slow and stop the vehicle, and there have been no reported accidents or injuries.
Continue reading the main story
BAYERISCHE MOTOREN WERKE AG ST
LAST UPDATED AT 01 OCT 2010, 11:47
50.43 -
-1.01
-
-1.96
More data on this share price
Any concerned BMW owners should contact the BMW customer service number on 0800 325600
BMW's share price dropped 1.8% on the news, to 50.50 euros ($69.36, £43.77).
However, the company's stock remains well up for the year, having rallied from a price of 30 euros in March.
The news comes a day after the US National Highway Traffic Safety Administration said it was investigating a potential power steering problem with the Mini - another brand owned by BMW.
It also comes a day after BMW's chairman, Norbert Reithofer, had his contract extended by six years.
BMW said the recall was in response to a fault with the power braking system, but the cars were not unsafe
The recall affects V8 and V12 engine cars in the BMW 5, 6 and 7 ranges, and Rolls-Royce - a BMW subsidiary - built between July 2001 and November 2009.
Of the total, 11,427 cars - including 905 Rolls-Royces - are in the UK, and 198,000 in the US.
"In the affected vehicles, a leak may develop in the power braking system, potentially causing a vacuum loss and consequent reduction of power braking assistance," said the company in a statement.
However, mechanical braking is still available to slow and stop the vehicle, and there have been no reported accidents or injuries.
Continue reading the main story
BAYERISCHE MOTOREN WERKE AG ST
LAST UPDATED AT 01 OCT 2010, 11:47
- CHART SHOWS LOCAL TIME
50.43 -
-1.01
-
-1.96
More data on this share price
Any concerned BMW owners should contact the BMW customer service number on 0800 325600
BMW's share price dropped 1.8% on the news, to 50.50 euros ($69.36, £43.77).
However, the company's stock remains well up for the year, having rallied from a price of 30 euros in March.
The news comes a day after the US National Highway Traffic Safety Administration said it was investigating a potential power steering problem with the Mini - another brand owned by BMW.
It also comes a day after BMW's chairman, Norbert Reithofer, had his contract extended by six years.
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