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Market Impact: 0.22

BMW recalls nearly 30K vehicles over engine starter defect that could cause fire

BAMXF
Legal & LitigationCompany FundamentalsRegulation & Legislation
BMW recalls nearly 30K vehicles over engine starter defect that could cause fire

BMW is recalling nearly 30,000 plug-in hybrid vehicles due to a fire risk linked to starter relay corrosion. Dealers will replace the affected part free of charge. While customer safety is the key issue, the recall is likely to be a modest negative for sentiment given the limited scale versus total production.

Analysis

BMW is recalling nearly 30,000 plug-in hybrid vehicles due to a fire risk linked to starter relay corrosion. Dealers will replace the affected part free of charge. While customer safety is the key issue, the recall is likely to be a modest negative for sentiment given the limited scale versus total production.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

BAMXF-0.15