BMW Investors Sue Over Alleged Sales Manipulation After SEC Fine

BMW AG failed to tell investors that it directed its dealers to register cars still in inventory as sold, in order to artificially inflate sales figures, a would-be class suit filed in federal court in New Jersey says.

BMW didn’t tell investors that it “kept a ‘bank’ of retail vehicle sales that it used to meet internal monthly sales targets,” according to the complaint filed in the U.S. District Court for the District of New Jersey.

BMW and two U.S. subsidiaries in September agreed to pay a combined $18 million to settle Securities and Exchange Commission allegations of making inaccurate ...