BMW loses $5.5 billion with one mistake

Hello! It’s not a great time for BMW. You’ll see why.

Thank you for all the reader feedback we got on our new format. We’re glad to know you loved it.

Last weekend, I rewatched the original Italian Job, what an excellent movie. I recommend you watch it, especially knowing that there were no dummy cars. They were all original.

Key Takeaways

Don’t have much time? Here’s the summary of what we’re talking about:

• BMW discovered a costly fault in its cars, leading to a recall of 80,000 vehicles and a potential $1.1 billion expense

• Ten vehicle models are struggling to sell, with one brand dominating the list with five of the slowest-selling cars

• A UK think tank raises concerns about Chinese electric vehicles potentially being used for data gathering

• Recalls,  school drop-off chaos, unreliable cars to avoid and car affordability concerns, in our news bites

• Find out whether a GMC Sierra hood is interchangeable with a Chevy Silverado

• Discover the best and worst years to buy a Chevy S10 pickup
  

NEWSBITES

Every week, we scour the web for the most essential news. Here’s what you need to know this week:

• Porsche, Volkswagen, and Mazda lead recalls with a combined 100,000 recalled vehicles. 

• How dropping off your kid at school became a nightmare

• Don’t buy these eight unreliable cars in 2025

• Concerns about car affordability won’t go away soon

IN THE KNOW

This fault cost BMW $5.5 billion

Famous German automaker BMW discovered a fault in its cars that seriously damaged its financial situation.

Reports have come out that it took BMW two years to discover this fault, but once the company found out, they realized that the consequences would be massive. 

The company has rushed to warn drivers of the problem, but fixing it could come at a pretty penny.

BMW estimates that fixing the fault could cost them up to $1.1 billion. This, in turn, shook its shares as people lost their trust in the German automaker. 

It’s not as if BMW isn’t trying. The company has recalled 80,000 cars, and chances are there are more on the way.

However, with the problem’s severity and a loss of trust from the public, times ahead are rough.

Read more about this critical issue at the link below. 

These are the slowest sellers right now. One brand takes the prize. 

Everybody knows that buying a new car is hard right now. A combination of factors is scaring possible consumers away.

The market can break down brands and specific models. These are the ten unlucky models that are not selling well.

The term “day supply” refers to how many days a car will take to sell, with a reasonable rate being 45 days. Some of the vehicles on this list have “day supply” figures in the 300s. 

Also, when you read the list, you will notice one detail: five of the ten belong to one brand. Can you guess which one? 

The UK warns that Chinese cars could be weaponized

It’s a headline fit for a suspense novel, but it’s no fiction. A British think tank issued warnings about Chinese cars and their data use. 

Their warning comes at a crucial time for Chinese automakers.

Countries such as the US and those in the European Union are quickly placing tariffs and bans on them.

So, such warnings cause tensions to rise. 

The problem is that Chinese-made electric vehicles are appealing because of their price and lower emissions.

So, public entities have bough several and now, the fear is that these vehicles might know a lot more than people think.

Click the link to see the ways these cars could be a threat. 

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BEST AND WORST

What are the best and worst years for the Chevy S10?

The Chevy S10 marked a first for the big three American automakers.

After all, it was the first compact pickup ever to roll out of American plants. 

Granted, it was simple, but that was the idea.

The S-10 was a bare-bones, no-frills pickup that got the job done.

That’s why it has a cult following, even though production ended in 2012. However, there are years that you should avoid and some that are great purchases. 

So, if you’re looking for the best and worst years for the Chevy S10, you’re in the right place.

Read our article to find out more. 

TIPS AND KNOW-HOW

Can a Sierra hood fit on a Silverado?

If you’ve ever owned a Chevy Silverado, you know that most parts are interchangeable.

This versatility is an excellent choice for used trucks in particular. 

However, as a Silverado owner, you might wonder which parts don’t match.

After all, buying an expensive part and assuming that it will fit is a big gamble, especially a pricey one such as the hood.

That’s why one common question Silverado owners have: can a Sierra hood fit in a Silverado?

We have the answer right here.