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BMW AG said Tuesday that it would recall more than 150,000 vehicles in the United States due to the possibility of fuel pump failures.
BMW said some 130,000 of its 2007 to 2010 model year vehicles equipped with twin-turbo six-cylinder engines would be recalled for software updates and a potential replacement of a high-pressure fuel pump. Get the full story »
A Rolls Royce car at a showroom in London, Oct. 1, 2010. BMW is recalling some of its own brand and Rolls-Royce cars because of a potential braking problem. (Reuters/Paul Hackett)
Bloomberg News | BMW, the world’s biggest maker of luxury cars, said it’s recalling almost 350,800 BMW-brand and Rolls-Royce models worldwide to repair a power-brake system fault.
The voluntary recall involves fixing brake-pressure pumps on 345,000 BMW 5-, 6- and 7-Series models and 5,800 Rolls-Royce cars built from 2002 until 2010, Frank Strebe, a BMW spokesman, said today in a phone interview from the Paris Motor Show. The new version of the 5-Series sedan isn’t affected, he said.
The fault was detected when drivers complained that they needed to push harder on the brake pedal on cars with high mileage, Strebe said. The Munich-based carmaker is telling customers to bring in their vehicles as a “pro-active” measure, and that the fault poses no safety issue, he said, adding that he doesn’t have an estimate of the cost to BMW. Get the full story »
Automobile-parts recycler LKQ Corp. said it completed seven acquisitions in the third quarter through Sept. 20, improving its distribution, and that it was continuing to see opportunities for more deals.
The acquisitions expand LKQ’s wholesale aftermarket and recycled parts distribution in a number of markets including Philadelphia and Cincinnati and its production capacity for refinishing of aluminum wheels, the company said in a statement. Get the full story »
Kia Motors is recalling about 35,000 Soul and Sorento vehicles to fix wiring in the interior lighting panels that could lead to fires. Get the full story »
Midwest manufacturing output increased in July, according to the Federal Reserve Bank of Chicago, after revised data showed slight slippage in June. Get the full story »
Ford Motor Co. has resumed shipments of the Fiesta after temporarily halting them over a faulty part.
U.S. Auto Parts, an online provider of automotive parts and accessories, has signed a deal to acquire Chicago-based Whitney Automotive Group for $27.5 million. Get the full story »
Automobile-parts recycler LKQ Corp. posted a 31 percent jump in quarterly profit, helped by a rise in refurbished parts sales, and raised its 2010 adjusted earnings outlook. Get the full story »
Toyota Motor Corp. has pushed back plans to build its Prius in the United States by as much as six years, with a top executive saying U.S. production is likely to start only when the best-selling hybrid is remodelled. Get the full story »
Chrysler says it’s adding 500,000 square feet for a larger body shop at its assembly plant in Belvidere. Chrysler senior manager Ross Good told city leaders Tuesday that the company needs the extra space at its north-central Illinois plant but has no immediate information about what will be made there or any work force changes. Good spoke to Belvidere’s mayor and city council.
Associated Press via Bloomberg | Chicago-based auto repair parts maker LKQ Corp. said Thursday that its first-quarter profit rise 67 percent, thanks to growing demand for auto parts and falling commodity prices.
Get the full story: businessweek.com.
