TL* THE CONTACT OWNS A 2004 BMW 530I. THE CONTACT STATED THAT WHEN HE OPENED THE TRUNK IN THE RAIN THERE WERE SPARKS AND SMOKE EMITTING FROM THE MICROPROCESSOR (MPM), LOCATED UNDER THE SPARE TIRE WELL. AS A RESULT, THE AIR BAG SENSOR, I-DRIVE AND SEVERAL ELECTRICAL COMPONENTS ON THE VEHICLE WERE NO LONGER FUNCTIONING. THE MANUFACTURER ADVISED THE CONTACT THAT THE DEALER COULD REPAIR THE VEHICLE AT HIS EXPENSE. THE VEHICLE HAD NOT BEEN REPAIRED. THE FAILURE MILEAGE WAS APPROXIMATELY 74,000.