BMW fined $18 million for inflating monthly U.S. sales figures

Filed under: Earnings/Financials,Government/Legal,BMW

BMW will pay an $18 million fine to settle allegations that it inflated its monthly U.S. sales numbers for five straight years. BMW disclosed the misleading information while raising about $18 billion in several corporate bond offerings, the agency said. The actions helped BMW maintain a leading retail sales position among other luxury automakers, the agency said.

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BMW fined $18 million for inflating monthly U.S. sales figures originally appeared on Autoblog on Thu, 24 Sep 2020 19:55:00 EDT. Please see our terms for use of feeds.

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