December 23, 2019 / 9:09 PM / 3 months ago

BMW says being investigated by U.S. SEC

Dec 23 (Reuters) - German automaker BMW AG said on Monday it was being investigated by the U.S. Securities and Exchange Commission following a report of a probe related to the company's sales practices.

"We can confirm that we've been contacted by the SEC and are cooperating fully with the investigation," a BMW spokesman said, but declined to comment further.

The Wall Street Journal earlier reported, citing a source, that the SEC was probing BMW's sales practices. (on.wsj.com/35RCLyZ)

The SEC declined to comment. (Reporting by Tina Bellon in New York, Akshay Balan in Bengaluru and Katanga Johnson in Washington; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below