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BMW to pay $18 mn to US to settle claims it inflated sales figures
short by Rishabh Bhatnagar / on Friday, 25 September, 2020
German automaker BMW will pay $18 million in fine to the US to settle a probe accusing it of inflating US retail sales figures and misleading investors. The US Securities and Exchange Commission said, "BMW misled investors about...customer demand for BMW vehicles in the US market while raising capital." It also accused the firm of paying dealers to fake sales.
read more at Reuters