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German carmaker BMW has weakened its 2024 guidance due to a braking system issue, which will result in a recall of more than 1.5 million vehicles. The affected braking system, supplied by ...
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FRANKFURT – BMW said on Sept 10 it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for 2024, sending the German luxury carmaker’s shares tumbling.
BMW cut its outlook for the year over a faulty braking system from supplier Continental that prompted recalls and delivery stops affecting 1.5 million vehicles, the automaker said in a statement.
German luxury carmaker BMW says it is recalling the vehicles over an apparent brake problem. Partly as a result, the Bavarian company is lowering its sales and profit expectations. https://p.dw ...