German carmaker BMW has weakened its 2024 guidance due to a braking system issue, which will result in a recall of more than 1.5 million vehicles. The affected braking system, supplied by Continental, is used in several BMW models, including the Mini Cooper, Countryman, and Rolls-Royce. Continental has indicated that only a “small proportion” of the braking systems it supplies to BMW are faulty. As a result, BMW has stated that its group earnings before tax will see a significant fall. The announcement led to BMW’s shares plummeting by 11%, reaching a four-year low on Tuesday. This added to th…