BMW Recalls 570,000 Cars
DETROIT -- BMW is recalling almost 570,000 cars in the U.S. and Canada because a battery cable connector can fail and cause the engines to stall.
The recall affects popular 3-Series sedans, wagons, convertibles and coupes from the 2007 through 2011 model years. Also included are 1-Series coupes and convertibles from 2008 through 2012, and the Z4 sports car from 2009 through 2011.
The cable connectors and a fuse box terminal in the cars can degrade over time, and that can break the electrical connection between the trunk-mounted battery and the fuse box at the front. If that happens, the cars could lose electrical power, causing the engines to stall unexpectedly, the U.S. National Highway Traffic Safety Administration said in documents posted on its Web site Saturday.
The company says in documents sent to NHTSA that the problem stems from movement between the battery cable and the fuse box.
BMW says it knows of one minor collision in Canada due to the problem, but no injuries. The German automaker says dealers will replace the battery cable connector and secure it for free. It will start notifying owners in March. The 3-Series is BMW's most popular car in the U.S., dominating the small luxury car market. The company sold nearly 100,000 of them in the U.S. last year. The recall affects more than 504,000 cars in the U.S. and another 65,000 in Canada. BMW, Toyota (TM) and other automakers have experienced large recalls in recent years because they use common parts on multiple models in order to save money. Owners can call BMW with questions at (800) 525-7417.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV