France in­ves­ti­gat­ing Re­nault for pos­si­ble emis­sions fraud

Malta Independent - - BUSINESS -

French mag­is­trates are in­ves­ti­gat­ing sus­pected fraud by car­maker Re­nault in­volv­ing its diesel emis­sions con­trols, in the wake of the Volk­swa­gen emis­sions cheat­ing scan­dal.

Shares in Re­nault — one of France’s lead­ing man­u­fac­tur­ers — dived Fri­day af­ter the in­ves­ti­ga­tion was re­vealed. Re­nault has de­nied in­ten­tional wrong­do­ing.

The Paris pros­e­cu­tor’s of­fice said three in­ves­ti­gat­ing judges have opened a ju­di­cial in­quiry into Re­nault’s emis­sions con­trols prac­tices and whether they “made mer­chan­dise dan­ger­ous for hu­man health.”

France’s en­vi­ron­ment min­istry has also in­ves­ti­gated Re­nault, which re­called thou­sands of cars last year be­cause they spewed out ex­ces­sive lev­els of harm­ful gases.

French pros­e­cu­tors are car­ry­ing out a separate probe into Volk­swa­gen’s emis­sions prac­tices in France, af­ter the Ger­man car­maker was found to have used en­gine soft­ware to cheat on U.S. diesel emis­sions tests.

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