BMW Issues 'Do Not Drive' Warning For 90,000 Cars With Faulty Airbags: Report

by Shivani Kumaresan, Benzinga Staff Writer

May 5, 2023 8:47 AM | 1 min read | Make a Comment

BMW (Bayerische Motoren Werke ADR) BMWYY has reportedly issued a "do not drive" alert for the 90,000 affected sedans and SUVs with faulty airbags.
The move comes after Hondo Motor Co Ltd HMC and Ford Motor Co F issued similar orders about Takata Corp airbags, reported Bloomberg.
The airbags hold the risk of explosion if deployed after long-term exposure to high heat and humidity.
At least 25 deaths and more than 400 injuries in the U.S. have been linked to the faulty airbags.
The report further noted the defect had affected about 34 car brands.
BMW's 2000-2006 BMW 3 Series (E46), including M3, the 2000-2003 5 Series (E39), including M5, and the 2000-2004 X5s (E53) are the affected models.
Price Action: BMWYY shares closed higher by 2.77% at $38.15 on Thursday.