BMW announced a far-ranging recall affecting over 1.5 million vehicles due to brake system issues, anticipating a slight decrease in vehicle deliveries and sales.
The brake system problem is linked to an impairment in an electronic component, which requires replacement but doesn't compromise legally required braking performance.
The company's profitability guidance was lowered, now expecting margins of 6 to 7%, down from 8 to 10%, further impacted by muted demand in China.
In addition to the current recall, BMW had already recalled 1.4 million vehicles in China last month due to faulty airbags, indicating ongoing quality concerns.
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