SEC Investigating Whether BMW Faked Sales

William Boston in Berlin and Mike Colias in Detroit bring news of fraud in a story for the Wall Street Journal: The Securities and Exchange Commission has opened an investigation into whether German luxury car maker Bayerische Motoren Werke AG manipulated sales figures, according to people familiar with the matter. The Wall Street Journal Fraud? The regulator is […]

Fiat Chrysler Agrees to Binding Merger with Peugeot

The news just broke at The Wall Street Journal: Peugeot maker PSA Group and rival Fiat Chrysler Automobiles have agreed to a binding merger agreement that includes sweeteners to make the trans-Atlantic tie-up more attractive to U.S. regulators and PSA shareholders, the companies said Wednesday. The Wall Street Journal Sweeteners? The two boards voted to sign a memorandum […]

Chrysler sends dealers 40,000 cars they didn’t order

Filed under “this is fine”, we have this news from Bloomberg reporter Gabrielle Coppola: Fiat Chrysler Automobiles NV has been manufacturing more cars and trucks than its U.S. dealers are willing to accept, at one point creating a nationwide stock of about 40,000 unordered vehicles and stoking tension with some of its retailers. Bloomberg No […]