BMW, a German car maker and distributor, announced on April 11 a recall at least half a million vehicles from all of its distributors around the world due to a defect in the engine.
The recall started in China where 232,000 vehicles were already recalled due to a defective part in the engine control component. In the US, BMW has already recalled at least 156,137 units.
BMW spokesman told the Wall Street Journal that the vehicles manufactured between Sept.2009 and Nov. 2011 are part of the recall.
BMW found out that these defective cars are equipped with bolts that could loosen up or break whenever they connect with the car's engine control system. In case of breakage, the car could stall and develop other problems. However, the spokesman reiterated that there have been no accidents reported due to this flaw.
BMW is the not alone in recalling their cars, earlier this week, it was reported that Toyota Motor Corp. also announced a recall of at most 6.4 million vehicles from its distributors world-wide. The massive recall was due to the five problems identified in 27 different car models.
Aside from Toyota, General Motors Co. also started recalling about seven million units across the globe which resulted to a $3-billion drop on its shares value. The carmaker is also under investigation and being questioned for its delayed reaction on the car engine shutdowns and faulty airbags.
Ford Motor, Fiat Chrysler Automobile, Toyota, Volkswagen AG, General Motors Co., and BMW have recalled a total of 15 million vehicles since the first quarter of the year. Industry experts stated that one of the reasons for the massive recall is the increased competition that pressures the manufacturers to create more cars and bring them into the market.
BMW, General Motors Co., Toyota Motors Corp., and Volkswagen AG, have all experienced a decrease in their stock market performance since the start of the recall.
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