Oct. 1 (Bloomberg) -- Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, said it’s recalling almost 350,800 BMW-brand and Rolls-Royce models worldwide to repair a power-brake fault. The stock fell the most in three months.
The voluntary recall involves fixing brake-pressure pumps on 345,000 BMW 5-, 6- and 7-Series models and 5,800 Rolls-Royce cars built from 2002 until 2010, Frank Strebe, a BMW spokesman, said today in a phone interview from the Paris Motor Show. The new version of the 5-Series sedan isn’t affected, he said.
The fault was detected when drivers complained that they needed to push harder on the brake pedal on cars with high mileage, Strebe said. The Munich-based carmaker is telling customers to bring in their vehicles as a “pro-active” measure, and that the fault poses no safety issue, he said, adding that he doesn’t have an estimate of the cost to BMW.
BMW fell 4.2 percent to 49.30 euros at the 5:30 p.m. close in Frankfurt, in the biggest drop since July 1. That pared the stock’s gain this year to 55 percent.
The recall includes 198,000 BMW and Rolls-Royce cars in the U.S., according to the company’s North American unit. Mechanical braking is still available even if the fault, a pump-system leak that may cause vacuum loss, affects power braking, according to the automaker.
Any repairs should take less than half a day, and probably only “a couple of hours,” to complete, Strebe said.
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