BMW will pay $ 18 million fine for distorting sales figures

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BMW will pay $ 18 million fine for distorting sales figures

28.09.2020 News

BMW has agreed to pay 18 million dollars fine for distortion of sales data for five years. About it with reference to the Commission on securities and stock exchanges of the USA.

According to the commission, from 2015 to 2019, BMW maintained a reserve of unaccounted for car retail sales, which it used to achieve the internal monthly sales targets regardless of when the main sales took place.

“Such practice has allowed BMW to maintain its leading position in retail sales relative to other premium car companies,” the statement said.

Data distortion was detected in late 2019. BMW Group, which includes brands of the BMW and Mini, agreed to the settlement agreement and the fine, without any admission of guilt.

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