Bmw Aktie Faces Major Recall Amid Brake Problems

Tuesday, 10 September 2024, 13:00

Bmw aktie is significantly impacted as the company recalls 1.5 million vehicles globally due to brake problems. The Munich-based automaker has adjusted its profit outlook for the current year due to these crucial technical measures. Affected models include various series produced since June 2022.
LivaRava_Trends_Default.png
Bmw Aktie Faces Major Recall Amid Brake Problems

Bmw Aktie Under Pressure from Global Recall

Bmw aktie has taken a significant hit as the automaker announces a recall of 1.5 million vehicles worldwide. This drastic action stems from issues related to the Integrated Brake System (IBS), prompting a revision of their profit forecast for 2024.

Details of the Recall

Bmw stated that numerous models produced after June 2022 might contain faulty components that could lead to the failure of the Anti-lock Braking System (ABS). Potentially impacted models include:

  • Bmw 2 Series Active Tourer (U06)
  • Bmw X1 including iX1 (U11)
  • Bmw XM (G09)
  • Bmw X5M LCI (F95)
  • Bmw X6 LCI (G06)
  • Bmw X6M LCI (F96)
  • Bmw X7 LCI (G07)
  • Bmw 5 Series Saloon including i5 (G60)
  • Bmw 7 Series Saloon (G70)
  • Bmw Alpina XB7
  • Mini Cooper (F66 and J01)
  • Mini Countryman (U25)
  • Rolls-Royce Spectre (RR25)

Impact on Business and Sales

Bmw anticipates that these technical issues will lead to negative sales impacts worldwide in the second half of the year. In the third quarter, the company expects additional costs to reach a high three-digit million figure. Meanwhile, subdued demand in China continues to affect regional sales figures.

Revised Profit Outlook

Due to these challenges, Bmw has corrected its 2024 profit forecast, signaling that instead of a slight decline, a significant drop in results is now anticipated. Furthermore, deliveries are expected to decrease slightly year-on-year instead of showing a modest increase.

Conclusion on the Market Position

The situation also reflects a tense market and competitive landscape for Bmw's motorcycle division, particularly in the USA and China. As a consequence, Bmw now expects deliveries to remain at prior-year levels, having initially projected a minor increase.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the latest insights and trends from around the world. Stay informed and elevate your global perspective effortlessly.

Subscribe