Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2018/for2018bmwno.jpg
German high-end carmaker BMW said Tuesday that new stricter emissions tests for cars as well as refits to older vehicles and global trade tensions would leave revenues and profits short of its full-year forecast.
"The industry-wide shift to the new WLTP test cycle has... led to significant supply distortions in several European markets" and unexpectedly "intense competition", the Munich-based group said in a statement.
Regulations - Force - Month - Reaction - Authorities
Tougher new regulations came into force this month, a reaction by authorities to Volkswagen's long-running "dieselgate" scandal in which the world's largest carmaker admitted to cheating emissions tests on millions of vehicles worldwide.
As well as the effects of "continuing international trade conflicts", BMW also highlighted "increased goodwill and warranty measures" weighing on its performance.
Group - Cars
The group was forced to recall some 324,000 diesel-powered cars...
Wake Up To Breaking News!
Freedom is Never Free!