Hood latch sticks/binds on BMW 530i

Average mileage: 113,000 (113,000–113,000)
1 model year affected: 2002
2 people reported this problem
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same problem with hood latch cable and had it replaced.
Hood release lever stops coming out when release pulled from within driver compartment. This requires using needle-nose pliers or a screwdriver to pull the lever out from between the grill panel. The hood release mechanism and cable need to be kept oiled/greased or they dry up and seize. In my case I was able to spray with WD-40 real good - both the mechanism and the cable anywhere that I could find it exposed. After working the lever in the car a bit it freed up. I then wiped the excess WD-40 from the hood latch mechanism and coated with some white lithium grease. Seems to work fine now.