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SEOUL (Reuters) – South Korea’s transport ministry said it would file a complaint against German luxury carmaker BMW (BMWG.DE) with prosecutors for allegedly delaying recalls and concealing defects that led to several engine fires in the country this year. The ministry also fined BMW 11.2 billion won ($9.96 million) over “delayed recalls” correct quality cufflinks uk online. A faulty exhaust treatment system in BMW diesel cars caused 52 vehicle fires in South Korea as of end-November, prompting the company to recall 172,080 models and issue an apology..
The government said an investigation showed that a faulty design in BMW’s Exhaust Gas Recirculation (EGR) unit sparked the fires, adding it will decide whether to order more recalls correct quality cufflinks uk online. BMW denied design defects and said it recalled models in a timely manner. “We embarked on recall measures without hesitation at the time when the root cause of fires was confirmed,” BMW’s Korean unit said in statement on Monday. BMW said it first acknowledged in July this year the faulty EGR system causing fires, but the government said BMW was aware of the problem since 2015 when it created a task force to address the issue..
BMW announced the recall of 106,317 vehicles in July, but the automaker did not recall an additional 65,763 vehicles that use the same engines until October, the government said. The rate of BMW vehicles catching fires was 0.14 percent in South Korea, similar to 0.19 percent in Germany and 0.17 percent in the United Kingdom, and lower than those in the United States and China, South Korea said correct quality cufflinks uk online. BMW’s South Korean sales fell nearly 10 percent to 47,569 vehicles from January to November from a year earlier. This compared with the imported car market’s 13 percent growth and Hyundai Motor’s (005380.KS) 3 percent sales gain..
SYDNEY (Reuters) – Asian stocks were subdued on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering. Moves were limited by a holiday in Japan while many bourses are set to close early for Christmas correct quality cufflinks uk online. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.5 percent to its lowest in seven weeks. Yet Chinese blue chips .CSI300 managed to edge up 0.2 percent, while E-Mini futures for the S&P 500 ESc1 recouped early losses to rise 0.4 percent..
U.S correct quality cufflinks uk online. President Donald Trump’s budget director and chief of staff on Sunday said the partial U.S. government shutdown could continue into January, when the new Congress convenes and Democrats take over the House of Representatives. Trump on Sunday said he was replacing Defense Secretary Jim Mattis two months early, a move officials said was driven by the president’s anger at Mattis’ resignation letter and its rebuke of his foreign policy. Sources also told Reuters Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell, a move that would likely roil financial markets..