S&P 500
7,334.20
-0.45%
Dow Jones
49,572.10
-0.76%
Nasdaq 100
28,548.60
-0.23%
Russell 2000
2,837.66
-1.58%
FTSE 100
10,214.80
-2.23%
Nikkei 225
62,102.50
-0.04%
Live: Will CoreWeave Beat Q1 Earnings Tonight?

Cars and Drivers

BMW Recalls 360,000 Cars in China

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
BMW Recalls 360,000 Cars in China

© eurosporttuning / Flickr

Luxury car maker BWM recalled 360,000 cars in China, the world’s largest car market by far.

According to The People’s Daily:

BMW will recall 360,001 vehicles in China to replace defective airbags, according to a State Administration for Market Regulation statement.

The recall, set to begin on Aug 30, involves 272,880 vehicles produced by BMW Brilliance Automotive Ltd between Jan 2, 2014 and Oct 16, 2017, and 87,121 imported models manufactured between April 5, 2000 and Feb 21, 2018.

[nativounit]

A defect could cause the airbags to eject debris at passengers if deployed.

The defective airbags were made by now-defunct Japanese supplier Takata. Founded in 1933, Takata went out of business in 2017 because of the airbag crisis.

BMW will replace the defective airbags free of charge.

Takata airbags have caused the recalled of hundreds of thousands of cars many by many manufacturers around the world.

[recirclink id=541923]
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

The Mega Backdoor Roth Move Tech Workers Use to Stuff an Extra $34,000 a Year Into a Roth
Marc Guberti |

The Mega Backdoor Roth Move Tech Workers Use to Stuff an Extra $34,000 a Year Into a Roth
How To Use 4 Accounts To Build a Tax-Free Retirement Income Stream
Marc Guberti |

How To Use 4 Accounts To Build a Tax-Free Retirement Income Stream

Continue Reading

Biggest Auto Recalls of All Time
Evan Comen |

Biggest Auto Recalls of All Time

[cnxvideo id=”878060″ placement=”ros”] Since the National Highway Traffic Safety Administration (NHTSA) was established in 1970, manufacturers of motor vehicles and…
US Orders Takata to Recall Millions More Airbags
Paul Ausick |

US Orders Takata to Recall Millions More Airbags

The U.S. National Highway Traffic Safety Administration (NHTSA) on Friday ordered airbag maker Takata and automakers that used the firm's…
Douglas A. McIntyre |

Could Takata Go Bankrupt?

Takata faces huge fines, and almost certainly lawsuits, over its defective airbags. If Takata goes bankrupt, claims against the company…
This Massive Product Recall Cost Over $24 Billion
David Beren |

This Massive Product Recall Cost Over $24 Billion

24/7 Insights The most shocking recall on this list is the 1982 Tylenol recall.  Recalling the Galaxy Note 7 was…
Ford Issues 5 Recalls for 285,000 Vehicles
Paul Ausick |

Ford Issues 5 Recalls for 285,000 Vehicles

Ford on Wednesday issued three safety recalls and two safety compliance recalls affecting about 285,000 vehicles built between 2007 and…
Paul Ausick |

Mercedes-Benz Recalls Nearly 150,000 Cars

In the latest recall of Mercedes-Benz vehicles, the company is recalling less than 150,000 vehicles from the 2013 through 2015…
Paul Ausick |

GM Adds 970,000 Cars to Ignition Switch Recall

Wikimedia CommonsThe total number of cars included in the General Motors Co. (NYSE: GM) recall to repair a defective ignition…
Honda Accelerates Air Bag Recall on 1.4 Million Vehicles
Paul Ausick |

Honda Accelerates Air Bag Recall on 1.4 Million Vehicles

Honda is pulling forward a recall previously scheduled for later this year to replace defective Takata air bag inflators in…
Subaru to Recall 1.3 Million Vehicles for Faulty Brake Light Switch
Paul Ausick |

Subaru to Recall 1.3 Million Vehicles for Faulty Brake Light Switch

Subaru could be recalling more than 2 million vehicles to fix a brake light switch that is susceptible to being…

Top Gaining Stocks

Datadog
DDOG • Vol: 25,921,722
Fortinet
FTNT • Vol: 18,092,449
Axon Enterprise
AXON • Vol: 2,557,665
Paycom Software
PAYC • Vol: 2,186,205
Viatris
VTRS • Vol: 33,373,927

Top Losing Stocks

Zoetis
ZTS • Vol: 29,963,330
Tapestry
TPR • Vol: 6,454,827
Coterra Energy
CTRA • Vol: 73,319,495
Teradyne
TER • Vol: 4,870,501
Jabil
JBL • Vol: 1,685,417