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BMW makes some of the best luxury cars, but like many automakers, it has a new car recall on its hands. This time, the issue is defective brakes, and it impacts more than one million of the company’s top cars. However, the real issue is that the BMW stock plummeted after the announcement, and it seems the recall will create more of a financial problem moving forward. 

BMW has a new car recall on its hands and an even bigger problem

According to the Associated Press, BMW has a new car recall on its hands, impacting more than 1.5 million vehicles worldwide. This recall is due to using a faulty integrated braking system in many of its top cars. This recall originally happened in February, but there have been many more known cases of brake issues since then, which, naturally, only makes the problem worse for BMW. The company said the new cases are “beyond the scope of the original recall.”

Regarding the numbers, this updated car recall impacts 370,000 vehicles in China, 270,000 in the U.S., 150,000 in Germany, 70,000 in Korea, and 60,000 in France. The recall includes vehicles manufactured between June 2022 and August of this year. Specifically, the X models, besides the X3 and X4, are included. The 5 and 7 Series models are also impacted. Additionally, the Rolls-Royce Spectre and MINI Cooper are included. For context, BMW owns both Rolls-Royce and MINI. 

Having a car recall is never good for an automaker. However, BMW has said that the additional impacted vehicles are more of a financial burden than expected. The company has stated that fixing the vehicles will result in “a high three-digit million (euro) amount” for the third fiscal quarter. This comes as the company’s sales have been down for some of its most popular options. Because of this, the company has lowered its financial expectations. 

BMW shares fell by 11 percent following the updated car recall and discussions of lower-than-anticipated profits for 2024. Of course, the automaker has also issued other car recalls this year, which doesn’t inspire confidence from buyers. 

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MotorBiscuit Contributor

Barnell Anderson

Barnell Anderson joined the MotorBiscuit team in 2023. After earning a Master of Arts in English from Louisiana Tech University, Barnell found his way into automotive journalism. He’s been writing about the automotive industry since 2021, creating vehicle comparisons and discussing reliability and vehicle safety ratings for various outlets, including HotCars and SlashGear.