Menu
Equities Construction and Property

BMW shares news: German car maker to recall up to 300,000 UK vehicles

Share this article!

BMW shares are trading a little higher Wednesday, amid news the German carmaker will recall up to 300,000 vehicles in the UK after an electrical fault has been linked to a fatal accident. BMW said owners of affected vehicles should expect to receive a letter within two-to-three weeks.

By 1310 BST, BMW shares were 0.14% higher at 92.07. After falling earlier in the year, the stock has been moving broadly higher in recent weeks.

BMW recall due to electrical fault

It has been found that a BMW car involved in a fatal collision in 2016 lost all power due to an electrical fault which could affect a wide range of BMW models.

The fault is an electrical one, where the battery can lose its connection to the fuse box. This can cause the car to lose power completely and stall.

BMW already knew of the fault which affects its 1 Series, 3 Series, Z4 and X1 petrol and diesel models produced between March 2007 and September 2011 and recalled a large number of vehicles in the US in 2011. However, the German carmaker only recalled some 36,410 UK cars over the same fault.

“We now recognise that there may have been some cases of similar power supply issues in vehicles not covered by the original recall,” BMW told BBC in the wake of its Watchdog investigation into the issue.

“In order to reassure customers with concerns about the safety of their vehicles, we are voluntarily extending the recall. We are therefore announcing today that we will take the proactive step of expanding the existing UK recall to cover all vehicles potentially affected by the power supply issue,” the carmaker said.

BMW ad banned for dangerous driving

Separately, a British BMW ad has been banned by the Advertising Standards Authority (ASA) for promoting dangerous driving.

The ASA told BMW the advert “must not appear again in its current form”. It also advised the German carmaker to take care that future ads don’t promote dangerous driving.

Add Comment

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.