BMW Recalls Some 7-Series Cars
NEW YORK (TheStreet) -- German automaker BMW is recalling some of its 7-Series luxury cars due to reports of transmission control problems that can cause parked vehicles to roll away.
The National Highway Traffic Safety Administration said on Saturday that the problem has caused at least 14 crashes and possibly five injuries. The recall involves cars with model years from 2005 to 2008 that have push-button start and electronic transmission controls.
The system automatically shifts the car's transmission to park when the driver presses the start/stop button, but it may leave the transmission in neutral if the driver presses the button two or three times in a short span, the NHTSA said Saturday. The cars can then roll away unexpectedly and crash.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV