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2018-11-07 09:50
BMW Headquarters

Image: iStock

German luxury automaker BMW posted a steep drop in quarterly profit, blaming the impact of tough new EU emissions tests and "international trade conflicts".

READ: Toyota quarterly profit rises on growing sales, cost cuts

The Munich-based group said net profit between July and September slumped 24% year-on-year to €1.4 billion ($1.6 billion), falling short of analyst expectations.

Revenues were up 4.7% to 24.7 billion.

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