Shares in BMW drop in mid-morning trade after a report that some of its diesel cars were found to exceed emissions standards.
German trade magazine Auto Bild says the BMW X3 xDrive 20d exceeded the Euro 6 limits on nitrogen oxide emissions more than 11-fold in road tests by the International Council on Clean Transportation (ICCT).
The report comes after fellow German carmaker Volkswagen admits to having deceived U.S. regulators about how much its diesel cars pollute, prompting its CEO to resign and forcing it to set said aside billions of euros to clean up the mess.
Auto Bild cites BMW as saying: "There is no function in BMWs for recognising exhaust cycles, and all exhaust systems remain active outside of exhaust cycles."
A spokesman for BMW told Reuters he has nothing to add to the comments cited by Auto Bild.
BMW shares turn negative, dropping as much as 4.7 pct to 76.00 eur. By 0851 GMT, they have pared losses to trade 2.6 pct lower at 77.70 eur.
