Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

BMW Recalls Over 105K Vehicles In U.S. Over Fire Risks Due To Overheating Starter Motor

Author: Anan Ashraf | August 08, 2024 07:34am

German automaker BMW (OTC:BMWYY) is recalling 105,588 vehicles in the U.S. citing risks of fire owing to an overheating starter motor.

What Happened: The recall population includes several 2019-2021 model year vehicles including the BMW X7, X6, X5, and 8 Series Convertible, among others.

The starter motor in these vehicles may overheat due to electrical overload upon repeated attempts to start the vehicle in case of a motor failure. The overheating can cause the nearby materials in the engine compartment to catch fire, the U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) said.

BMW told the regulator in a filing that the company is aware of about twelve customer complaints and associated field incidents related to the issue but no accidents or injuries.

BMW dealers will update the vehicle software at no cost to the customer to prevent the electric overload on the starter and mitigate the fire risks.

Why It Matters: Last month, BMW issued a recall for over 291,000 2018-2023 model year X3 vehicles in the U.S. citing concerns that the attachment for the interior cargo rail may become damaged in a rear crash and cause a cargo rail detachment.

The company then said that its dealers would replace the rear cargo rail attachment bolts at no cost to the customer to resolve the concern.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read More:

Photo courtesy: BMW

Posted In: BMWYY

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist