Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2020
BMW agrees to pay $18 million SEC fine over sales reporting
Fine or penalty
The U.S. Securities and Exchange Commission stated that BMW maintained a reserve of unreported U.S. sales in order to meet monthly targets from 2015 to 2019. BMW AG, BMW of North America and BMW US Capital agreed to pay an $18 million fine and to cease violating securities laws. The companies did not admit or deny the agency's findings.
The SEC said BMW kept a reserve of unreported U.S. sales to meet monthly targets from 2015 to 2019. BMW AG, BMW of North America and BMW US Capital agreed to pay an $18 million fine and stop violating securities laws; they did not admit or deny the agency's findings.
Company response
Clarification — BMW
“There is no allegation or finding in the order that any BMW entity engaged in intentional misconduct,” the company said.
Source excerpt
The Securities and Exchange Commission said Thursday, Sept. 24, 2020 that the German luxury automaker kept a reserve of unreported sales that it drew on to meet monthly targets from 2015 to 2019.
“There is no allegation or finding in the order that any BMW entity engaged in intentional misconduct,” the company said.
BMW AG, BMW North America and BMW US Capital did not admit or deny the agency’s findings. All three agreed to pay the fine and to stop violating securities laws.
2019
BMW recalls 32,760 X6 SUVs over rear-seat child-seat anchor bars
Recall announced
BMW of North America is recalling 32,760 BMW X6 SUVs from the 2015 to 2019 model years because the lower rear-seat anchor bars used to secure a child car seat may become damaged. With ISOFIX-type rigid connectors, the damage may increase a child's risk of injury in a crash. BMW stated that it was unaware of any related U.S. accidents or injuries.
Company response
Remediation — BMW
If it's determined that the anchors are loose, BMW technicians will weld a reinforcing bracket to the lower anchor bars and the vehicle at no cost to the owner.
Source excerpt
The fix: BMW will notify owners by mail beginning Jan. 17, 2020, and dealers will inspect the anchors.
If the car seat is attached with ISOFIX-type rigid connectors, the damage may increase a child's risk of injury in the event of a crash.
BMW of North America is recalling 32,760 vehicles from its 2015 to 2019 model years because the lower rear-seat anchor bars at the seat crease used to secure a child car seat may become damaged.