S. Korea Fines BMW 11.2 bln Won for Engine Fires

SEOUL, Dec. 24 (Korea Bizwire) — South Korea’s transportation ministry on Monday fined BMW 11.2 billion won (US$9.93 million) for allegedly trying to hide faulty parts and belatedly recalling its vehicles after some engines caught fire. About 40 engines of BMW vehicles caught fire earlier this year, prompting the German luxury carmaker to recall some [...]