BMW Drops on Report That X3 Diesel's Emission Exceeded EU Limit
- Carmaker says models respond the same on the road as in tests
- BMW shares tumble as much as 9.7% on diesel emissions concerns
Germany to Begin Roadside Tests of Non-VW Diesels
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BMW AG said it doesn’t cheat on emissions tests, responding to a report in German magazine Autobild that the X3 sport utility vehicle exceeded the European limit for air pollution.
The stock fell as much as 9.7 percent, the most in more than four years, on concerns that the luxury-car maker would be enmeshed in the diesel-emissions scandal that led to the resignation of Volkswagen AG’s chief executive officer on Wednesday.