BMW will recall 36,922 vehicles in the United States as over unintended steering wheel movement while the vehicle is stationary, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
Nedeljkovic replaces Oliver Zipse, who has held the top job for more than six years and will leave the board in 2026.
“The driver thinks he should be compensated $1,500 for the tires he's still paying for.”
German carmaker BMW welcomed the "positive signals" on the Nexperia dispute on Wednesday but said the situation remains volatile.
The carmaker said it was on track to meet its full-year targets, with strong demand for the new iX3 model expected to drive growth next year
Parts of BMW's supplier network are affected by developments at Chinese-owned computer chip maker Nexperia, a spokesperson for the German carmaker told Reuters on Thursday.
BMW (BMWKY) remains a fundamentally attractive automotive stock, despite a recent guidance cut and 3Q25 China sales headwinds. I lower my price target to €87/share (~$39.5 ADR), reflecting more conservative margin and growth assumptions, but maintain a clear 'Buy' rating. BMW's strong brand, upcoming Neue Klasse technology, and well-covered dividend support long-term upside, even amid sector volatility and tariff risks.
BMW shares slumped on Tuesday, falling 7%, after the German automaker said volumes in China were below expectations and that the U.S.-European Union tariff agreement has yet to materialize.
BMW shares were seen down 3% in pre-market indications on Wednesday after the German carmaker cut its 2025 earnings forecast due to changed U.S. tariff assumptions and weaker-than-expected growth in the Chinese market.
BMW is recalling over 145,000 vehicles in the U.S. as the starter motor may overheat from an electrical overload, the U.S. National Highway Traffic Safety Administration said on Wednesday.
BMW is recalling over 196,000 vehicles in the U.S. as the engine starter relay may corrode, leading to overheat and short circuit, increasing the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Friday.
German luxury carmaker BMW will start series production of its iX3 electric model at a new plant in Debrecen, Hungary from the end of next month, the company said in a statement on Wednesday.