(Bloomberg) — BMW AG is being scrutinized by the U.S. Securities and Exchange Commission over its sales reporting practices, months after the regulator extracted a penalty from Fiat Chrysler Automobiles NV over similar issues.The German automaker has been contacted by the SEC and will cooperate fully with its investigation, Phil DiIanni, a spokesman, said by phone. The agency doesn’t comment on the existence of any probes, SEC spokesman Kevin Callahan said.BMW has been in a tight race with Daimler AG’s Mercedes-Benz for leadership of the U.S. luxury auto market. While Mercedes has owned bragging rights the last three years, BMW …read more
Source:: Yahoo Finance
