BMW Will Pay $18 Million to Settle SEC Claims Over Sales Data

BMW AG will pay $18 million to settle Securities and Exchange Commission claims that the German automaker and two of its U.S. subsidiaries disclosed inaccurate and misleading information about the company’s retail sales volume while raising approximately $18 billion in corporate bond offerings.

The company inflated reported sales in the U.S. from 2015 to 2019, helping to close the gap between its actual retail volume and internal targets, the SEC said in a statement Thursday. BMW, which resolved the allegations without admitting wrongdoing, paid a lower fine because of its “extensive cooperation,” the SEC said.

“There is no allegation or ...