Maxi recall

Bmw, maxi brake recall: two years to find out the extent of the defect

It took more than two years for Bmw to discover the extent of a defect in the braking system, which could cost the manufacturer almost EUR 1 billion

by Redazione Finanza

REUTERS/Angelika Warmuth/File Photo

1' min read

1' min read

Bmw reportedly took more than two years to discover the extent of a defect in the braking system, the solution to which could cost the Bavarian carmaker almost EUR 1 billion.

Customers and dealers began complaining about faulty brakes in June 2022, according to a recall document seen by Bloomberg News. However, it was only last August that BMW reportedly realised that up to 1.5 million cars could contain the faulty component, supplied by Continental and described as a lighter, more efficient system.

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A profit warning last week caused the German group to lose EUR 5 billion in capitalisation, a huge loss for a premium car manufacturer at the forefront of driving technology and fresh off a very good first half-year.

Bmw initiated a thorough overhaul of the brake system in October 2023, according to the recall document: interference had been detected that compromised the electrical signals sent through the brake system. The first recall of about 80,000 vehicles took place in the US in February.

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Since then, the recall has involved up to 1.5 million cars of the different brands, including the $42,000 Rolls-Royce Spectre.

'This is not just a recall, it is a shock,' commented Ferdinand Dudenhöffer, director of the Center for Automotive Research in Bochum. 'It is also noteworthy that Bmw is strengthening quality control among suppliers with a task force.'

The stock has fallen about 28% this year and 12% in the last 30 days alone.

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