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BMW says being investigated by U.S. SEC

Published 12/23/2019, 08:13 PM
Updated 12/23/2019, 08:13 PM
© Reuters. The 2020 BMW's M2 CS and M8 Gran Coupe are displayed at the LA Auto Show in Los Angeles

(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.

The SEC declined to comment.

Latest comments

Good that they wach someone else than Tesla for a change.
SEC should investigate Mr. Trump for insider trading, not waste taxpayers money on BMW beautiful car
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