South Korea Fined BMW $10 Million and ordered to recall their all defected vehicles from the market asap.South Korea fines on BMW is a historic decision. In September, BMW was also heavily fined by Germany for the same issue.
Why South Korea Fined BMW $10 Million?
South Korea said Monday it will fine BMW 11.2 billion Won ($9.9 million) and file a criminal complaint against the company with state prosecutors over an allegedly botched response to dozens of engine fires reported in the country.
South Korea’s Transport Ministry its investigation panel when a five-month review over that the German car maker deliberately tried to hide up technical issues and stirred too slowly to recall vehicles when around forty of its cars caught hearth earlier this year. The ministry found the fires to be caused by faulty valves within the vehicles’ exhaust gas re circulation (EGR) coolers.
BMW apologized and recalled some 172,000 vehicles of sixty five completely different models in Gregorian calendar month and October over the fires.
BMW AG’s South Korean unit aforementioned in an exceedingly statement that the ministry’s findings were typically in line with the company’s assessment that the fires were caused by leaks of coolants within the EGR coolers. Combined with carbon and oil sediment the leaks may com bust and cause fires once the vehicles were driven at high speeds for long periods of your time, however BMW aforementioned the problem might be solved by the exchange of faulty hardware.
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South Korea Fines BMW $10 Million
The company did not directly address the ministry’s accusation that it tried to play down the severity of the problem and recalled a narrower range of vehicles than it should have during its first recall in July. “The BMW Group is cooperating with the ongoing investigation and is committed to resolving the issue,” it said in the statement. Junghyun Kim, an official from BMW Korea, said there had been no reports of injuries linked to the fires in South Korea.
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In also the September 2018, BMW was fined by Germany for its diesel-defected vehicles. About which case The BMW CEO Harald Krüger said at the company’s annual meeting in May. “We made a mistake some years ago,” “To make it clear: It has nothing to do with targeted manipulation of engine or emission control.”
As we are seeing the defected production and thereafter heavy fine from various countries, we may say proudly that Indian automobile companies are better in the product quality of all these automobile giants. BMW is not a single company who finned but also Hyundai, Volkswagen and Daimler was fined and due to which the have had to recall their Hundred Thousands of cars from The Market.
BMW: At A Glance
Founder: Karl Rapp
Founded: March 7th, 1916
Headoffice: Munich, Germany
CEO: Harald Kruger
Products: Cars, Engines, Motorcycles
Total Asset: $2.22 billion
Total Employees: 1,30,000 (Approx)
Total Output: 27 Lakhs Vehicls (Approx)