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The ongoing ‘Dieselgate’ scandal appears to be gaining momentum as a new report by German publication, Auto Bild, has revealed that the BMW X3 xDrive20d model could be emitting up to 11 times the legal limit of nitrous oxide during tests conducted by the International Council on Clean Transportation (ICCT) – said results would mean that the aforementioned model breaches the Euro 6 limit for diesel engine emissions.

“All measured data suggest that this is not a VW-specific issue,” commented Peter Mock, MD of the ICCT’s European arm. However, it remains to be seen as to whether or not the allegations aimed at BMW prove true. The German carmaker has denied that it employs similar tactics used by Volkswagen to pass emissions tests. BMW X5 diesels, on the other hand, passed the same test that VW’s diesel cars failed in California.

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BMW has announced that it “does not manipulate or rig any emissions tests” and that it observes “the legal requirements in each country and fulfill all local testing requirements.” The marque has also gone on to state that “no specific details of the test have yet been provided.” As a result, BMW has confirmed that it will contact the ICCT “for clarification of the test they carried out.”

Whatever the truth may be, BMW stocks have already fallen by as much as 9.7% since news of said report first surfaced, according to Bloomberg. The weakened stocks would indicate the most significant fall the brand has seen in the past four years. Separately, Daimler has also seen its shares plummet by as much as 5.8% amidst growing concerns that it too could be involved in a similar situation.