BMW says it's being investigated by U.S. SEC

The Wall Street Journal says the SEC is investigating whether the company manipulated its sales in the United States.

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.

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“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.

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The SEC declined to comment.