Bmw gets a $163 million fine for trying to prevent import sales to Swiss residents

Article by Christian A., on May 24, 2012

It appears that Bmw has just received a 156 million Swiss francs ($163.44 million) fine from the Swiss Competition Commission due to the fact that the Bavarian manufacturer tried to prevent Swiss residents from buying its cars outside Switzerland. As expected, Bmw denied everything and said that they don’t see any violation of Swiss competition law.

A Bmw spokesman said that the company will appeal to the Swiss Federal Administrative Court of Switzerland against this decision. According to our German sources, it appears that the strength of the Swiss franc prompted Swiss consumers to buy cars priced in euros from Germany, Italy or France and import them back to Switzerland. As a result, the sales of company’s Swiss dealerships were affected.

Moreover, Swiss regulators said that Bmw tried to stop sales to Swiss citizens in the European Economic Area, which included 27 members of the European Union, but also Iceland, Liechtenstein and Norway. According to Automotive News, Bmw was selling the 5-Series sedan from 62,200 Swiss francs ($65,090) back in 2010. Same car was sold in Germany with 41,900 euros ($52,660). "We categorically reject the accusations, the argumentation and the amount of the fine," said a Bmw spokesman.

Topics: bmw

If you liked the article, share on:

Comments

Recommended

Ever since the Regera premiered in 2016, Koenigsegg has been firm about increasing its coverage around the globe. Part of the idea was to ask its employees in Angelholm to...
by - February 21, 2017
There is no harm in admitting that both the conventional and the hybrid versions of the Lexus LC 500 are real stunners when it comes to its exterior styling. Even...
by - February 21, 2017
Jaguar is placing three new Ingenium engines on the F-Pace crossover, XF saloon and XE sedan for the 2018 model year. According to Jaguar’s recent announcement, the updates will also...
by - February 21, 2017
After Volkswagen snagged Toyota’s crown as the world’s best-selling automaker, there’s no stopping the Japanese manufacturer from dominating the hybrid arena. As of January 31st , Toyota’s increasing global unit...
by - February 21, 2017
There is no denying that the performance versions of the Jaguar F-Type and the Land Rover Range Rover are definitely hot – both in terms of looks and road dynamics....
by - February 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries