BMW Recalls 1.5 Million Cars Over Bad Brakes, Cuts Outlook

The recall comes as BMW faces slowing sales in China, a key market (Credit: AFP)

BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker's shares tumbling.

The recall will have a "negative worldwide sales effect in the second half of the year," said the group, which also includes the Rolls-Royce and Mini brands.