BMW Faces Criminal Probe in S. Korea Over Engine Fires
South Korea’s transport ministry says it will ask prosecutors to open a criminal investigation in BMW AG handling of an engine defect blames for more than 40 engine fires this year.
#legal
South Korea’s transport ministry says it will ask prosecutors to open a criminal investigation in BMW AG handling of an engine defect blames for more than 40 engine fires this year.
The ministry claims BMW was aware of the hazard but concealed it. The department also fined the carmaker 11.2 billion won ($10 million) for its tardiness in recalling 22,700 affected diesels in Korea.
BMW has called back 1.6 million such cars worldwide, including 106,300 in Korea and 44,400 in the U.S., to fix the flaw. The company says a coolant leak in the exhaust recirculation system can trigger a fire.
RELATED CONTENT
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.
-
U.S. Probes Possible Bosch Role in VW Diesel Scandal
The U.S. Dept. of Justice is investigating whether Robert Bosch GmbH aided Volkswagen AG in cheating on diesel emission tests, sources tell Reuters.
-
Another Japanese Supplier Pleads Guilty to U.S. Price Fixing
Maruyasu Industries Co., a Japanese supplier of steel fuel and brake lines and engine components, has pleaded guilty to U.S. charges of conspiring to rig bids and fix prices on its products.