$40M-fine for lapses: BMW Fined $40 Million
Published: December 22, 2015
$40M-fine for lapses: BMW Fined $40 Million, BMW will be fined $40 million for failing to issue timely recalls of MINI models.
A hefty fine of $40 million will be handed to BMW after not issuing a timely recall of MINI Cooper vehicles that failed to pass crash tests.
The test failures included 2014 and 2015 models, and BMW did not issue a recall within five days of learning of them. The fine was announced today by the National Highway Traffic Safety Administration in a consent order, and they also claimed BMW failed to send them the accurate recall information.
The massive fine includes $10 million to be paid in cash, $10 million spent on steps to get into compliance, and another $20 million in fines must be paid if BMW does not comply or commits other safety violations.
Not exactly the Christmas present BMW was looking for this week.
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