Thursday, January 14, 2016

Renault raging after police raids – Dagens Industri

Updated 2016-01-14 13:52. Published 2016-01-14 12:37

French fraud investigators in a raid confiscated computers car giant Renault, reports the French AFP. According to news agency seems to the case of an investigation into Renault’s emissions tests.

Bloomberg report that Renault confirmed that authorities conducted raids on some of the company’s facilities as part of a study of discharges cheating.

Renault falling rapidly in the news. At 13 o’clock the shares were down more than 20 percent on the Paris stock exchange.

Agents should have visited some Renault Factories 7 January for inspecting vehicles testing and engine certification, according to AFP.

In the background looms Of course the big Volkswagen scandal that dominated headlines in the autumn, when it turned out that the German automotive giant used a software which gave the appearance of certain car models emissions were less of emissions tests. Renault, however, has a lower share of diesel cars in their fleet than Volkswagen.

Back in September announced the French authorities that their review of Volkswagen would be broadened to include several other carmakers, including Renault. The company has previously denied that they could have used a similar software like Volkswagen. Last month, Renault will be invested 50 million euros, equivalent to SEK 465 million, with the aim of adapting the fleet by the new emission standards.

The events have also received a number bilaktier to rage. Volkswagen and Porsche slopes by more than 5 percent, while Peugeot plummeting 7 percent.

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