The Security and Exchange Commission as such entered into a settlement with the automaker, with an $18 million fine for inflating sales numbers in the U.S. from 2015 to 2019.“Companies accessing U.S. markets to raise capital have an obligation to provide accurate information to investors,” said Stephanie Avakian, Director of the Division of Enforcement. “Through its repeated disclosure failures, BMW misled investors about its U.S. retail sales performance and customer demand for BMW vehicles in the U.S. market while raising capital in the U.S.”
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The Turbine is the only automobile & cycling magazine in Bangladesh since 2019! We are delighted to bring you the first ever automobile & cycling magazine in Bangladesh devoted solely to catering to the information demands of automobile and cycling enthusiasts. From the flamboyant muscle cars, bikes, and bicycles of the sensational sixties and seventies to the humble home Humber project, our readers will get the whole gamut of automobile related news, updates, features, and interviews. It will also help connect the car and bicycle enthusiasts. If you are a car, motorbike, or bicycle enthusiast, you must have noticed that there is no proper platform of information on the current automobile and bicycle industry, and that’s why we came up with the plan of filling this void. We know it’s a big step and a daunting task, but to take us one step closer to our dreams we need your help and support. If we all work together, we will not only run a successful business but will also be able to contribute to the automobile and bicycle industries in Bangladesh.
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