U.S. auto-safety regulators imposed a penalty of up to $40 million on BMW North America for recall failures, making the German automaker the latest in a series of car companies that have violated federal safety rules. BMW agreed to the penalty in a National Highway Traffic Safety Administration consent order that involves an immediate $10 million fine, $10 million in spending to overhaul procedures and $20 million in deferred fines if the company fails to make changes. The penalties revealed Monday stem from the company's failure to tell vehicle owners promptly of recalls and from its failure to fix a version of the Mini Cooper that failed a side-impact crash test. BMW said in a statement that it "is committed to further improving its recall processes to better serve its customers".
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