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BMW Fined $163 Million by Swiss Competition Regulator

Bloomberg

Bayerische Motoren Werke AG (BMW), the biggest luxury-car maker, was fined 156 million Swiss francs ($163 million) by competition authorities for preventing vehicle sales to Swiss customers in other European countries. The fine was imposed on the Munich-based carmaker for "impeding direct and parallel imports," the Swiss Competition Commission said today in a statement. BMW said it plans to challenge the fine in Swiss courts.

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