Bosch, Siemens JV denies report about dishwasher recall costs

FRANKFURT, Sept 7 Sat Sep 7, 2013 7:38am EDT

FRANKFURT, Sept 7 (Reuters) - BSH Bosch und Siemens Hausgeraete, a joint venture of Siemens and Robert Bosch, on Saturday denied a magazine article saying the recall of 5 million dishwashers would cost it up to 700 million euros ($921 million).

"This figure lacks any foundation and is plucked out of the air," a spokesman for BSH said, responding to an article in German magazine Focus that had reported the number, saying it had been mentioned by a company manager at an internal meeting.

The spokesman declined to say how much the recall would cost the group.

On Thursday, BSH said it would recall 5 million dishwashers worldwide, having discovered that a faulty electrical part poses a fire hazard.

There have for several years been problems with the dishwashers, branded Bosch, Siemens, Neff, Constructa and Junker+Ruh, but they had previously been assumed to be caused by problems related to local power grids, BSH said.

($1 = 0.7600 euros) (Reporting by Christoph Steitz; Editing by Robin Pomeroy)

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