The U.S. supervisor stock has opened an investigation into the car manufacturer BMW's business practices, as a German company spokesman acknowledged in a statement to the Wall Street Journal on Monday. “The SEC has been in contact with us and we will co-operate fully with their investigation”, said the spokesman of the German company.Germany is prosecuting the automotive industry for violating the market, alleging BMW, Daimler and Volkswagen of blocking the production of cars that emit less.
According to the newspaper, when you post the dealers sold vehicles yet to be marketed, the SEC will prosecute the bavarian distributor for potentially inflating the data of their sales in the US. BMW has agreed to pay a €28 million fine in Germany last month. Between 2004 and 2013, in this situation, the regulation was an antitrust investigation into the purchasing practices of the steel industry. Regulatory issues add to the overall decline in vehicle sales in key markets, affecting all the industry's major players.BMW's profit decreased by 37.1% between January and September, while its mark improved in the third quarter: thanks to the introduction of an ambitious cost reduction program, it was able to recover by 11.7% over the same span of 2018.