Business
The Ultimate Deception Machine? BMW To Pay Millions For Inflating Sales Figures – CarScoops
The SEC says BMW inflated U.S. sales between 2015 and 2019.
The U.S. Securities and Exchange Commission has fined BMW $18 (£14.2 / 15.5) million for disclosing inaccurate and misleading information about their sales figures.
According to the government, BMW inflated retail sales in the United States between 2015 and 2019. They went on to say this was done to help BMW close the gap between its actual retail sales volume and internal targets, and publicly maintain a leading retail sales position relative to other premium automotive companies.
In effect, …
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