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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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Bayerische Motoren Werke : BMW recalls 250,000 vehicles to fix blind setting on rear-view camera

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10/11/2019 | 12:39pm EST

Automaker BMW has issued a recall for almost a quarter-million vehicles due to a defect with their backup cameras.

The German company said it found that the safety device's brightness setting can be adjusted to a position that essentially blackens the camera view when the vehicle is in reverse. The setting can be retained from drive-to-drive, which is a violation of federal safety standards.

The software defect affects nearly 250,000 BMWs, the company said. BMW notified the U.S. National Highway Traffic Safety Administration of the move.

The recall affects most 2018-2020 model year BMW vehicles and some Rolls Royce models. It also affects the Toyota Supra, which was jointly developed by BMW and Toyota.

Dealerships will perform a software update that will re-calibrate the settings and repair the issue.

The recall is expected to begin Nov. 19. BMW owners can check the automaker's website to learn if their vehicles are involved.

Copyright 2019 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News

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Financials (EUR)
Sales 2019 101 B
EBIT 2019 7 531 M
Net income 2019 5 392 M
Finance 2019 16 130 M
Yield 2019 3,99%
P/E ratio 2019 9,09x
P/E ratio 2020 7,82x
EV / Sales2019 0,31x
EV / Sales2020 0,31x
Capitalization 47 747 M
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Mean consensus HOLD
Number of Analysts 30
Average target price 75,25  €
Last Close Price 74,07  €
Spread / Highest target 59,3%
Spread / Average Target 1,60%
Spread / Lowest Target -28,4%
EPS Revisions
Managers
NameTitle
Oliver Zipse Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
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