UPDATE 1-BMW says recalls Minis, X5


(Adds detail, share price, Rolls Royce, Bentley recall)

FRANKFURT, July 30 (Reuters) - German luxury carmaker BMW AG said on Tuesday it was recalling nearly a half its new Mini models and around a third of its X5 sports utility vehicles from world markets.

BMW said it would recall 38,700 new Mini models and 56,000 of its X5 vehicles at a cost of 6.3 million euros ($6.22 million), which would be covered by provisions.

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.

A spokesman said the possible defects did not put safety at risk.

At 1555 GMT, BMW shares were down 1.2 percent to 39.55 euros compared with a 0.3 percent rise on the Dow Jones European Auto Index .

Earlier, the U.S. National Highway Traffic Safety Administration said 3,531 Mini Coopers and 34,860 X5s had been recalled from the U.S.

BMW has sold about 87,000 Minis since its launch just over a year ago and over 170,000 X5s since the end of 1999.

NHTSA also said 2,085 Rolls-Royce and Bentley cars built between 1998 and May of this year would be recalled to fix a problem with the braking system that could allow air into the brake lines.

Rolls-Royce and Bentley are currently owned by Volkswagen AG but BMW will take over the Rolls-Royce name and production in January.



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