• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » World News

Jan 13, 2017, 06.27 PM | Source: PTI

French prosecutors to probe Renault diesel emissions

French investigators will probe Renault over suspected "cheating" in emissions tests of diesel motors, the Paris prosecutors office said today, causing shares in the automaker to fall sharply.

Like this story, share it with millions of investors on M3

French prosecutors to probe Renault diesel emissions

French investigators will probe Renault over suspected "cheating" in emissions tests of diesel motors, the Paris prosecutors office said today, causing shares in the automaker to fall sharply.

Post Your Comments

Share Cancel

French prosecutors to probe Renault diesel emissions
French investigators will probe Renault over suspected "cheating" in emissions tests of diesel motors, the Paris prosecutors office said today, causing shares in the automaker to fall sharply.

Following a massive emissions scandal involving Germany's Volkswagen, independent French experts found dangerously high levels of emissions from diesel engines of several carmakers, including Renault.

Prosecutors have ordered a probe be opened into "cheating on key parts (of vehicles)" and into the quality of the tests carried out.

Renault shares were trading 2.4 percent lower at 84.16 euros around 1110 GMT, having opened over one percent higher.

They slumped by over four percent in an initial reaction to the news.

The probe comes after another global auto maker, Fiat Chrysler, fell foul of US environmental standards yesterday.

The company was charged with having hidden software on diesel trucks which then spewed out excess emissions.

The Italian-American company immediately denied the charges and pledged to work with President-elect Donald Trump's adminstration to resolve the issue "fairly." The shockwaves from Volkswagen's own emissions scandal are still reverberating around the global auto industry.

US officials said Wednesday the German giant will plead guilty to three criminal charges and pay a total of USD4.3 billion in fines to settle the emissions cheating scandal known as "dieselgate".

The US Justice Department also charged six Volkswagen executives deemed responsible for the conspiracy, five of whom are believed to be in Germany while one was arrested in Miami on Saturday.

Buy, Hold, Sell ? Hear it first on M3
French prosecutors to probe Renault diesel emissions

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login