Renault boss embroiled in French diesel emissions probe
PARIS: France’s consumer fraud watchdog told prosecutors that Renault boss Carlos Ghosn should be held responsible for the carmaker’s suspected diesel emissions cheating, said a judicial source on Wednesday.
The comments were included in a dossier submitted l ast November by the finance ministry’s anti-fraud body. The agency announced at the time it had found “suspected breaches” of French law by Renault, and prosecutors opened a formal investigation two months later.
Renault shares fell 3.7 per cent on Wednesday after more details of the allegations were published by daily newspaper Liberation.
The carmaker has consistently denied any wrongdoing and has not been charged with any offence.
Following Volkswagen AG’s (VW) exposure in 2015 for United States diesel test-cheating, several European countries launched their own test programmes.
They found on-road nitrogen oxide emissions more than 10 times above regulatory limits for some General Motors, Renault and Fiat Chrysler models, and widespread use of devices that reduced exhaust emissions.
The French test programme, overseen by an investigating committee, has so far led to action against Renault and three others: PSA Group, Fiat Chrysler and VW. Reuters