BMW and Joint Venture to Recall 1.36 Million Cars in China Due to Takata Airbag Issue
In a major announcement, German automaker BMW and its joint venture will be recalling a total of 1.36 million cars in China due to potential risks with the Takata airbag, as confirmed by China's market regulator. The recall will cover models manufactured between 2003 and 2017, as stated by China's State Administration for Market Regulation.
BMW Brilliance Automotive, the joint venture based in northeast China, will be recalling 598,496 locally made cars, while BMW China Automobile Trading will be recalling 759,448 imported cars, as per the regulator's report. For vehicles found to have defects after inspection, BMW will provide a free replacement of the driver's front airbag to ensure safety.
BMW China has not yet responded to requests for comment on the matter. This recall is effective immediately and aims to address any potential safety hazards posed by the Takata airbag issue.
Analysis:
This recall affects a significant number of BMW vehicles in China and highlights the importance of addressing safety concerns promptly. As an investor, it is crucial to monitor such developments as they can impact the reputation and financial performance of the automaker. For consumers, it serves as a reminder to stay informed about recalls and take necessary actions to ensure their safety on the road.