BMW Fined $163 Million for Blocking Sales to Swiss Customers
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Bayerische Motoren Werke AG was fined 156 million Swiss francs ($163 million), the largest levy against a carmaker by the country’s competition authorities, for blocking Swiss customers from buying autos elsewhere in Europe.
The penalty was imposed on the world’s biggest maker of luxury vehicles for “impeding direct and parallel imports,” the Swiss Competition Commission said today in a statement. BMW said it plans to challenge the fine in Swiss courts.