BMW North America is recalling nearly 90,000 vehicles due to an engine starter issue, the U.S. National Highway Traffic Safety Administration (NHTSA) announced Saturday.

The NHTSA said the recall involves 87,394 vehicles in the U.S. and is tied to an engine starter that may overheat, posing a fire risk, according to Reuters.

Dealers will replace the engine starter at no cost to owners, the NHTSA said.

The announcement comes after BMW recalled more than 145,000 vehicles in the U.S. in October over a starter defect that could overheat and spark a fire.

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In September, BMW recalled 200,000 vehicles due to a similar issue, bringing the total number of affected vehicles to more than 341,000. Those recalls affected certain 2019–2025 vehicles across six models, including the 2020 340i, X6, 2020–2025 840i, 2020–2022 740Li, and 2019–2020 X7 and X5.

Multiple automakers have issued recalls in recent weeks, including Chrysler, which earlier this week recalled more than 450,000 vehicles and more than 2,000 tow-trailer modules because of a brake light failure that could increase the risk of a crash, the NHTSA said.

Last month, Toyota recalled more than 161,000 pickup trucks in the U.S. due to a software defect that can prevent the rearview camera image from displaying when the vehicle is shifted into reverse.

That recall affected certain 2024 and 2025 Toyota Tundra and Tundra Hybrid models equipped with the automaker’s Panoramic View Monitor (PVM) system, according to the NHTSA.

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This week, federal regulators expanded an investigation into 1.27 million Ford F-150 pickup trucks following reports of safety issues related to the vehicles’ transmissions.

The NHTSA said drivers reported unexpected transmission downshifts in the trucks without warning or driver input, often causing temporary rear-wheel lockup or skidding and increasing the risk of a crash.

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The probe covers 2015–2017 Ford F-150 trucks equipped with 6R80 transmissions. The F-150 is the best-selling pickup truck in the U.S.

FOX Business reached out to BMW for comment and to the NHTSA for additional information.

FOX Business’ Bonny Chu and Reuters contributed to this report.

The combined market valuation of eight of the top 10 valued firms jumped by a whopping Rs 4.55 lakh crore last week, with Reliance Industries emerging as the biggest winner, in line with a remarkable rally in equities.

Last week, the BSE benchmark surged by 2,857.46 points or 3.53 per cent.

From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Life Insurance Corporation of India (LIC), and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS) and Infosys saw their valuations erode.

The combined market valuation of the eight firms was Rs 4,55,336.36 crore.

Reliance Industries added Rs 1,41,887.97 crore, taking its market valuation to Rs 19,63,358.79 crore.

LIC’s valuation zoomed Rs 64,926.1 crore to Rs 5,70,198.54 crore. The market valuation of Bharti Airtel surged Rs 52,516.39 crore to Rs 11,62,288.64 crore and that of ICICI Bank jumped Rs 52,476.97 crore to Rs 10,06,258.82 crore.
The market capitalisation (mcap) of Bajaj Finance climbed Rs 48,659.83 crore to Rs 6,10,830.20 crore and that of State Bank of India by Rs 45,460.79 crore to Rs 9,84,353.06 crore.HDFC Bank’s valuation advanced by Rs 32,350.28 crore to Rs 14,48,249.63 crore and that of Hindustan Unilever appreciated by Rs 17,058.03 crore to Rs 5,69,482.18 crore.

However, the market valuation of TCS eroded by Rs 88,172.8 crore to Rs 10,64,242.35 crore.

The mcap of Infosys declined by Rs 63,462.66 crore to Rs 6,26,067.95 crore.

IT stocks faced selling last week in-line with weak trends in tech firms globally amid valuation-related worries and concerns around the rapid pace of artificial intelligence advancements.

Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, LIC and Hindustan Unilever.

After three consecutive months of heavy selling, foreign portfolio investors (FPIs) turned net buyers in the first week of February, infusing more than Rs 8,100 crore in Indian equities, aided by improving risk sentiment, along with a trade deal with the US.

The inflows follow sustained withdrawals in recent months, with FPIs pulling out Rs 35,962 crore in January, Rs 22,611 crore in December, and Rs 3,765 crore in November, data with the depositories showed.

Overall, in 2025, FPIs pulled out a net Rs 1.66 lakh crore (USD 18.9 billion) from Indian equities, marking one of the worst periods for foreign flows. The selling was driven by volatile currency movements, global trade tensions, concerns over potential US tariffs and stretched equity valuations.

According to the data, FPIs invested Rs 8,129 crore in this month (till February 6).

Himanshu Srivastava, principal manager- research at Morningstar Investment Research India, said the recent buying reflects improving risk appetite and renewed confidence in India’s growth outlook.

“The sentiment was supported by easing global uncertainties, stability in domestic interest rate expectations, and optimism around India-US trade and policy developments,” he added.
The turnaround contrasts sharply with January’s outflows, when FPIs exited Indian markets amid a global risk-off environment and elevated US bond yields.Echoing similar views, Vaqarjaved Khan, senior fundamental analyst at Angel One, said the breakthrough in India-US trade talks helped reduce geopolitical uncertainty and fuel a market rally, alongside stabilising US yields and supportive measures announced in the Union Budget for FY26, including fiscal stimulus and sector-specific incentives.

VK Vijayakumar, chief investment strategist at Geojit Investments, said the appreciation of the rupee also played a key role in improving sentiment. The rupee strengthened from a record low of 90.30 against the dollar, although it later weakened to around 90.70 by the close of February 6.

He said the rupee is expected to stabilise and gradually appreciate to below 90 per dollar by the end of March 2026, which could trigger additional FPI inflows, although outcomes will depend on how global trade and artificial intelligence-related developments unfold.

Market participants remain cautiously optimistic. Further inflows could materialise if corporate earnings momentum continues and global trade tensions remain contained, although lingering rupee weakness, elevated valuations and potential shifts in US policy could limit upside, Khan said.