Kathmandu. German car manufacturer BMW has announced it will further accelerate its planned job cuts, following a decline in third-quarter profits due to intense competition and falling demand in C...
Kathmandu. German car manufacturer BMW has announced it will further accelerate its planned job cuts, following a decline in third-quarter profits due to intense competition and falling demand in China, the world's largest automotive market.
Company CEO Milan Nedeljkovic stated on Wednesday that while the exact number of jobs to be cut under the new plan is not yet certain, the company is prepared to make cuts as needed.
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The German automaker is recalling over 720,000 vehicles in the US because a water pump electrical connector may short circuit and catch fire. The National Highway Traffic Safety Administration is recommending the vehicles, spanning a wide range of 2012–2018 BMW sedans, coupes, convertibles, wagons, roadsters, and SUVs, be parked outside and away from buildings until they are repaired. To date, there have been 10 incidents of BMW’s short circuiting, but no injuries or damage yet reported. [Link: Urgent Park Outside Recall Issued for Nearly 721K BMW Vehicles | https://www.nhtsa.gov/?nhtsaId=26V733000 | NHTSA]
