Bmw investigated over blocking sales to Swiss residents

Article by Christian A., on October 26, 2010

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]

Topics: bmw, sweden, sales

If you liked the article, share on:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 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