​BMW Shares Tumble After Brake Problem Sparks Outlook Cut  – Tyler Durden

BMW Shares Tumble After Brake Problem Sparks Outlook Cut  BMW AG shares tumbled in Germany on Tuesday after the company slashed its annual outlook due to a faulty braking system from supplier Continental AG, impacting as many as 1.5 million vehicles, which will only drive costs higher for the carmaker.  “The delivery stops for vehicles that are not already in customers hands will have a negative worldwide sales effect in the second half of the year. The Integrated Braking System-related technical actions impact over 1.5 million vehicles and result in additional warranty costs in a high three-digit million amount in the…  — Continue at ZeroHedge News : Read More