As its competitors remain bogged down by emissions scandals, luxury automaker BMW is trying to steer clear.
Late Sunday, the world’s fourth largest automaker by market value released a statement saying that it “categorically rejects” accusations that it had colluded with its fellow German competitors to fix prices and cheat emissions standards.
“As a matter of principle: BMW Group (BMWYY, -2.26%) vehicles are not manipulated and comply with respective legal requirements,” the company said in the statement.
