November 24, 2020
Business News

BMW Caught Disclosing Inaccurate U.S. Sales Figures, Automaker Fined $18 Million – autoevolution

Despite this illegal practice, BMW shares have gone down in value during this period. Adding insult to injury, the Bavarian manufacturer has raised $18 billion from investors from 2015 to 2019 by feeding them false information.BMW, therefore, misled the people who believe the most in the company about its “U.S. retail sales performance and customer demand in this market while raising capital in the United States.” The Securities and Exchange Commission highlights “significant cooperation during …

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