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SWITZERLAND

BMW ‘stopped Swiss buying its cars abroad’

German automaker BMW said on Thursday it would appeal a Swiss fine of 156 million francs (€130 million) imposed for not letting Swiss people buy its cars abroad - to take advantage of the strong franc.

BMW 'stopped Swiss buying its cars abroad'
Photo: DPA

The Swiss Competition Commission (COMCO) said it received complaints in the latter half of 2010 from nationals who unsuccessfully tried to buy its BMW and Mini cars in the European Economic Area (EEA) due to a clause in the contract of dealers operating there.

The clause banned sales to clients outside the EEA, hindering parallel imports to Switzerland by individuals, it said.

During this period the Swiss franc had risen considerably against the euro, COMCO said, which made buying products in the eurozone more attractive.

“Buyers in Switzerland were not able to profit from the significant exchange rate savings,” said COMCO.

“BMW closed off the Swiss market by banning its dealers in the EEA from selling new BMW and Mini vehicles to Swiss clients,” the authority said, adding that the clause should be deleted.

The car giant said it “categorically rejected” the charge and would file an appeal against the fine with the Swiss Federal Administrative Court.

“The Swiss automobile market was not foreclosed by BMW AG, as proven by the fact that its direct imports to Switzerland are comparable with those of other manufacturers,” the company said in a statement.

“The provisions of the BMW and MINI dealer agreements for the EEA have not had any impact on competition in Switzerland.”

Comco launched its inquiry into BMW in October 2010.

AFP/hc

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TRANSPORT

Copenhagen Metro lines reopen after two-week closure

Lines M3 and M4 of the Copenhagen Metro are back in service having reopened on Sunday, one day ahead of schedule.

Copenhagen Metro lines reopen after two-week closure

The two lines had been closed so that the Metro can run test operations before opening five new stations on the M4 line this summer.

The tests, which began on February 10th, are now done and the lines were running again as of Sunday evening, a day ahead of the original planned reopening on Monday February 26th.

“We are very pleased to be able to welcome our passengers on to our two lines M3 and M4,” head of operations with the Metro Søren Boysen said.

“The whole test procedure exceeded all expectations and went faster than expected and we can therefore get a head start on our reopening now,” he said.

Time set aside for potential repeat tests was not needed in the event, allowing the test closures to be completed ahead of time.

“Several of our many tests went better than expected and we have therefore not used all the time we needed for extra tests,” Boysen said.

The two lines serve around one million passengers every week, according to the Metro company.

READ ALSO: Copenhagen city government greenlights extension to Metro line

The new stops on the M4 line will be located south of central Copenhagen in the Valby and Sydhavn areas. The will have the names Haveholmen, Enghave Brygge, Sluseholmen, Mozarts Plads and København Syd (Copenhagen South).

The M3 and M4 lines, the newer sections of the Metro, opened in 2019 and 2020 respectively.

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