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profit warning

New emissions tests push BMW into profit warning

FRANKFURT AM MAIN: 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. Tougher new regulations came into force this month, a reaction by authorities to…