According to the latest reports, it appears that Bmw is currently being investigated by the Swiss antitrust authorities for allegedly preventing vehicle sales to Swiss residents found in some European countries, such as Iceland, Liechtenstein and Norway.
Sources confirmed the fact that the Bavarian manufacturer blocked sales of Bmw and MINI brand vehicles to customers who are residents of Switzerland. Many of you may be asking why is Bmw doing this.
Well, first of all, Switzerland is not a member of the European Union. But, the main reason is that the Swiss franc gained than 9 percent against the euro this year, and this made Bmw vehicles more expensive in Switzerland.
The Swiss Competition Commission said that it is currently investigating this. “We have asked BMW for comment after we opened our inquiries yesterday,” Patrik Ducrey, a spokesman for the commission, said on Tuesday.
If found guilty, Bmw could face a maximum fine of 10 percent of group revenue generated in Switzerland, over the past three fiscal years. Still, the investigation could take the Swiss Competition Commission almost two years. The investigation was confirmed by a Bmw spokeman. [via autonews - sub. required]