BMW will recall 1.03 million vehicles worldwide over potential fire risks, its third recall over the issue since 2017, the German automaker said this week prior to a strong earnings report.
The new recall involves numerous vehicles built between 2006 and 2013, including some 1 Series, 3 Series, X3, 5 Series, X5 and Z4 models, because the heater for the positive crankcase ventilation valve (PCV) may short-circuit and in extremely rare cases could increase the risk of a fire.
The new recall includes 917,106 vehicles in the US, 98,000 in Canada, and 18,000 in South Korea, BMW said.
It supersedes and expands BMW's recalls in 2017 and 2019 that involved 740,000 and 184,000 US vehicles, respectively.
Many vehicles repaired under the prior recalls will need a new fix, which is currently being developed, BMW said, adding that the remedy and sufficient inventory of parts are expected by mid-2022.
BMW said some vehicles previously recalled are not covered by the new recall because they were produced with an improved PCV valve heater design.
The new recall was prompted by a series of fire reports in BMW vehicles previously recalled that had been repaired. BMW said its investigation showed supplier production issues could lead to PCV valve heater damage in the field.
The automaker said it was not aware of any accidents or injuries related to the latest recall.
It said owners do not need to stop driving pending the recall fix, but should stop driving if they see smoke from the area near the engine compartment, or smell smoke or a plastic burning odor.
Meanwhile, BMW more than doubled pre-pandemic earnings in 2021 to $17.67 billion, the company said on Thursday, as higher prices and strong sales of top-end cars boosted revenue despite supply chain constraints.
The premium carmaker, which sold a record 2.52 million vehicles last year despite semiconductor shortages, reported a 10.3 per cent earnings margin for the year, its highest since 2017.
"We are in a good position and optimistic about the future," Chief Financial Executive Nicolas Peter said.
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
Vikram%20Vedha
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Company%20profile
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Profile of Foodics
Founders: Ahmad AlZaini and Mosab AlOthmani
Based: Riyadh
Sector: Software
Employees: 150
Amount raised: $8m through seed and Series A - Series B raise ongoing
Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.
Uefa Nations League: How it Works
The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.
The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.
Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.
The team
Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Killing of Qassem Suleimani
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