Shares in German carmaker plunge 9% as reports claim BMW xDrive 20d tops nitrogen oxide limits more than elevenfoldGerman luxury carmaker BMW has been dragged into the emissions testing scandal that has engulfed Volkswagen,with its shares falling sharply after a report that some of its diesel cars exceeded emissions standards.
Shares in BMW lost 9% after the report in German trade magazine Auto Bild. Other European carmakers were also down, with Daimler falling 5.6%, and Fiat Chrysler shedding 5.2%,Peugeot 6.7% lower and Renault falling 3.7%. VW shares recovered slightly after steep falls in recent days, trading 1.4% higher.
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Source: theguardian.com