BMW shares fall to four-year low as recall of 1.5m cars announced

Mini and Rolls-Royce models also affected by potential braking system fault set to cost BMW almost €1bn

Shares in BMW tumbled as the carmaker revealed it will have to recall 1.5m vehicles over a braking problem, costing it almost €1bn (£0.84bn).

The German manufacturer said its annual earnings would be considerably lower than expected, with the fault in the braking system now discovered to be far more widespread than initially thought.

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