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BMW says recalls Minis, X5

FRANKFURT, July 30 (Reuters) - German luxury carmaker BMW AG said on Tuesday it was recalling 38,700 new Mini models and 56,000 of its X5 sports utility vehicles from world markets at a cost of 6.3 million euros ($6.22 million).

The company said it was investigating possible problems in the Mini linked to the cable connecting the shift lever to the transmission and loose brake pedals in the X5.

Earlier, the U.S. National Highway Traffic Safety Administration said 3,531 Mini Coopers had been recalled from the U.S., equal to about half the number already sold there in addition to 34,860 X5s in the U.S.