Report: SEC Investigating BMW Over Sales Practices

Report: SEC Investigating BMW Over Sales Practices

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Business, Architecture, Social Studies

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The SEC is investigating BMW for potentially engaging in 'sales punching,' a practice where dealers falsely register cars as sold to inflate sales figures. BMW's U.S. sales have increased by over 10% since 2018. The company is cooperating with the SEC and is also facing European litigation for allegedly colluding with other German automakers to limit competition in emissions technology development.

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