BMW cuts profit outlook as brake problem triggers recall of 1.5 million cars

NDTV

Lean Left

Mixed Factuality

Independent: Independent Media

Individual: Gautam Adani

BMW Recalls 1.5 Million Cars Over Faulty Brakes

BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker's shares tumbling.

abc News

Lean Left

High Factuality

Media Conglomerate: The Walt Disney Company

BMW braking system recall contributes to decision to cut back 2024 outlook

BMW is lowering sales and earnings targets for the 2024 fiscal year, in a move the luxury German car maker said was partially triggered by hefty expenses of addressing a braking system recall that impacts more than 1.5 million vehicles worldwide

News24

Center

High Factuality

Media Conglomerate: 24.com

BMW cuts profit outlook as brake problem triggers recall of 1.5 million cars

BMW cut its outlook for the year over a faulty braking system from supplier Continental AG that prompted recalls and delivery stops affecting 1.5 million vehicles.

The Straits Times

Lean Right

Mixed Factuality

Media Conglomerate: Singapore Press Holdings

BMW recalls 1.5 million cars over brake issues, cuts outlook for 2024

The carmaker is also reeling from muted demand in China. Read more at straitstimes.com.

IOL

Center

Mixed Factuality

Private Equity: Sekunjalo Investments

1.5 million BMWs recalled globally over brake system: Here’s how many SA cars are affected