BMW shares down nearly 10% on report of excessive diesel emissions
Frankfurt stock exchange
Frankfurt - Arab Today
Shares in the top-of-the-range carmaker BMW fell nearly 10 percent on the Frankfurt stock exchange on Thursday on a newspaper report that one of its diesel models exceeded EU emission norms.
As the auto sector continued to reel from revelations that German giant Volkswagen was involved in a massive pollution cheating scandal, BMW shares tumbled 9.7 percent to an intraday low of 72.05 euros in late morning trade on a report in the weekly Auto Bild that emissions from one of its diesel models were 11 times higher than EU norms.
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