German luxury car maker Bayerische Motoren Werke AG or BMW Group (BAMXY, BAMXF, BMW.L) announced Wednesday a worldwide voluntary recall of 1.6 million BMW 3 Series model vehicles for risk of faulty airbag activation due to potentially faulty gas generator installed in it. The automaker noted that the 3 Series vehicles produced between May 1999 and August 2006 are involved in the recall. The recall also includes about 574,000 BMW 3 Series vehicles in the U.S. to replace the passenger-side front airbag as part of the worldwide recall. BMW has informed the U.S. National Highway Traffic Safety Administration (NHTSA) of its intent to voluntarily recall the affected vehicles. Read more: http://www.nasdaq.com/article/bmw-r...th-air-bag-issue-20140716-00682#ixzz37e0DioXb
