BMW Recalls Popular 3-Series - Analyst Blog


Bayerische Motoren Werke Aktiengesellschaft, popularly known as BMW, plans to recall 570,000 cars in the U.S. and Canada due to a fault with their battery cable causing the engines to stall unexpectedly. Among them, more than 504,000 units will be recalled in the U.S. and the remaining 65,000 units in Canada.

The company has informed the U.S. National Highway Traffic Safety Administration (NHTSA) that the problem occurs in the connection between battery cable and the fuse box.

The recall affects the company's very popular 3-Series sedans, wagons, convertibles and coupes from the 2007 through 2011 model years. It also includes 1-Series coupes and convertibles from 2008 through 2012 model years, and the Z4 sports car from 2009 through 2011 model year.

BMW stated that it is aware of a minor collision in Canada due to the problem that has, however, not resulted in any injuries. Its dealers will replace the battery cable connector at no cost when it will start notifying the vehicle owners in March.

Apart from BMW, Toyota Motor Corp. ( TM ), General Motors Company ( GM ), and Ford Motor Co. ( F ) made large recalls in the recent past. Many of them use common spare parts in multiple models in order to save manufacturing cost.

Recently, Toyota revealed that it would recall nearly 1.3 million cars globally for two separate defects. The first defect involves 752,000 units of Toyota Corolla and Corolla Matrix small cars from the 2003 and 2004 model years while the second one includes 385,000 Lexus IS luxury sedans and its series from the 2006 through 2012 model years.

The airbag control unit in the vehicles has been manufactured by TRW Automotive Holding Corp. ( TRW ). However, the IC chips have been supplied to TRW by a third party, according to some TRW official.

FORD MOTOR CO (F): Free Stock Analysis Report

GENERAL MOTORS (GM): Free Stock Analysis Report

TOYOTA MOTOR CP (TM): Free Stock Analysis Report

TRW AUTOMTV HLD (TRW): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: F , GM , TM , TRW

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