BMW Recalls More Cars After New Issue With Continental's Brakes [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
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Source: Yahoo! Finance
on braking systems supplied by Continental AG, adding to a more widespread issue with the component. Most Read from Bloomberg Engineers at BMW's plant in Shenyang, China, discovered the new fault in July while performing quality control tests, according to the National Highway Traffic Safety Administration. The welding issue may cause emergency braking systems to not function properly, increasing the risk of a crash, it said. While the announcement covers a relatively small number of units, it highlights fresh issues with Continental parts. Earlier this month, BMW recalled 1.5 million vehicles over an electric component fault, a matter that's expected to cost nearly €1 billion euros ($1.11 billion) to fix. The braking-system problems contributed to the carmaker cutting its profit guidance. The braking system in question in both recalls is known as brake-by-wire, which uses electronic impulses instead of the hydraulic technology built into most car brakes since the 1920s. Braki
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News
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- BMW braking system recall of 1.5M cars contributes to auto maker's decision to cut back 2024 outlook [Yahoo! Finance]Yahoo! Finance