It took BMW AG more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.

Good morning! It’s Monday, September 16, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.

According to media reports, BMW took more than two years to discover the full extent of the fault in its car's braking system. Reports mention that the first faulty brake complaints came in June 2022.

In a significant setback for the luxury automaker, BMW AG has announced a massive recall affecting 1.5 million vehicles worldwide due to a faulty braking system. The recall, which is expected to cost the company nearly €1 billion ($1.

BMW is recalling 1.5 million vehicles worldwide across its three-brand lineup over a braking system issue, including 270,000 cars in the United States. The recall impacts selected cars built since August of 2022, including the BMW 5-Series and 7-Series, the Rolls-Royce Spectre, two Mini variants, and multiple BMW crossovers.

The affected vehicles were produced between June 2022 and August 2024, per BMW, and several models are covered.

BMW Group was alerted to a braking system fault in 2022 that is expected to cost the automaker nearly €1 billion to fix and could affect up to 1.5 million vehicles.

The company's shares plummeted last week on its profit warning as it revealed the scale of the problem, with €5bn at one stage being wiped off their value. View on euronews