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I got my 550xi from Germany. When driving back home I hit the limiter twice, but it was at speeds above 250km/h (155mp/h) according to the speedo. Something like 260+, which however was exactly 250km/h according to a GPS tracker.
So at least on my car there is limiter at approximately 250km/h, but the real ones, not the speedo numbers.
Offtopic - Driving in Germany is INSANE : )
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