Back to top

Analyst Blog

Bayerische Motoren Werke Aktiengesellschaft, popularly known as BMW, plans to recall 570,000 cars in the U.S. and Canada due to a fault with their battery cable causing the engines to stall unexpectedly. Among them, more than 504,000 units will be recalled in the U.S. and the remaining 65,000 units in Canada.

The company has informed the U.S. National Highway Traffic Safety Administration (NHTSA) that the problem occurs in the connection between battery cable and the fuse box.

The recall affects the company’s very popular 3-Series sedans, wagons, convertibles and coupes from the 2007 through 2011 model years. It also includes 1-Series coupes and convertibles from 2008 through 2012 model years, and the Z4 sports car from 2009 through 2011 model year.

BMW stated that it is aware of a minor collision in Canada due to the problem that has, however, not resulted in any injuries. Its dealers will replace the battery cable connector at no cost when it will start notifying the vehicle owners in March.

Apart from BMW, Toyota Motor Corp. (TM - Analyst Report), General Motors Company (GM - Analyst Report), and Ford Motor Co. (F - Analyst Report) made large recalls in the recent past. Many of them use common spare parts in multiple models in order to save manufacturing cost.

Recently, Toyota revealed that it would recall nearly 1.3 million cars globally for two separate defects. The first defect involves 752,000 units of Toyota Corolla and Corolla Matrix small cars from the 2003 and 2004 model years while the second one includes 385,000 Lexus IS luxury sedans and its series from the 2006 through 2012 model years.

The airbag control unit in the vehicles has been manufactured by TRW Automotive Holding Corp. (TRW - Analyst Report). However, the IC chips have been supplied to TRW by a third party, according to some TRW official.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%