BMW to pay $18 million fine to resolve inflated sales probe

DS

By:

DAVID SHEPARDSON and MOHAMMAD ZARGHAM

R

By:

Reuters

|

September 24, 2020 09:59 PM

WASHINGTON -- BMW and two U.S. subsidiaries agreed Thursday to pay an $18 million fine to resolve accusations that they disclosed misleading information about the German luxury automaker's retail sales volume in the United States while raising approximately $18 billion from investors in corporate bond offerings.

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