BMW Recalls Popular 3-Series - Analyst Blog
February 26 2013 - 8:00AM
Zacks
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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