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The SEC is investigating whether BMW manipulated sales figures - Business Insider

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The SEC is investigating whether BMW manipulated sales figures

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Securities and Exchange Commission has launched an investigation into BMW Group, the German car manufacturer confirmed Tuesday. "We can confirm that we have been contacted by the SEC and will cooperate fully with their investigation," a BMW spokesperson told Business Insider.

"We can confirm that we have been contacted by the SEC and will cooperate fully with their investigation," a BMW spokesperson told Business Insider.that it sold 25,440 vehicles, an increase of more than 9% from the same time a year earlier. The company's North American headquarters are in Woodcliff Lake, New Jersey.

In Europe, BMW faces separate scrutiny from regulators over alleged collusion to manipulate prices of emission-control technology.

 

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