Re­nault boss em­broiled in French diesel emis­sions probe

New Straits Times - - Business | World -

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

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