BMW Faces Fine Over Allegations it Blocked Sale of Cars to Swiss Citizens

BMW Faces Fine Over Allegations it Blocked Sale of Cars to Swiss Citizens
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German automaker BMW is currently under investigation by Swiss government authorities over allegations it prevented Swiss citizens living in other parts of Europe from buying its vehicles. According to the Swiss Competition Commission, it has information that BMW distributors in the 27 European Union countries are preventing Swiss citizens from purchasing BMW or MINI vehicles outside of Switzerland (which is not a part of the EU).

The plan, it would seem, would be to force Swiss citizens living outside of their native country to purchase vehicles back home in Switzerland, where a strong franc is making products (especially pricey German automobiles) more expensive.

If found guilty, BMW could face heavy fines, with the maximum penalty set at 10 percent of revenue generated by the company’s Swiss division over the past three years.

BMW has yet to comment on the allegations.

[Source: Bloomberg]