Car maker’s share prices have fallen by 4.3% following allegations

Renault is being investigated by the French government following possible claims it has cheated diesel emissions tests, according to reports on AFP.

The allegations have sent the French car maker’s share prices tumbling by 4.3%. They come a year after the car maker's headquarters were raided following earlier emissions claims.

Renault faces fresh allegations of emissions test cheating

A statement released by Renault says: "Groupe Renault acknowledges the opening of judicial investigations on the ground of ‎"deceit on essential qualities and inspections conducted, these facts having led to the products being dangerous for the health of humans or animals". 

"Groupe Renault, which intends to protect its rights, reminds its constant position: Renault complies with French and European regulations. Renault vehicles are all and have always been homologated in accordance with the laws and regulations."

"They are compliant with the applicable standards. Renault vehicles are not equipped with cheating software affecting anti-pollution systems. The States, European Commission, Regulation Authorities and automotive manufacturers all share the opinion that the requirements of the applicable regulations need to be strengthened. This is the purpose of the future Euro6d Regulation."

Yesterday, reports said Fiat Chrysler was also being investigated in the US following similar accusations regarding its own diesel units.

Volkswagen emissions scandal: five more execs charged in the US

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13 January 2017
I seem to remember that the French State owns about 20% of Renault's capital. In view of this, one wonders if the French government is either masochistic or honest to the point of pain, since whatever penalty could possibly be imposed, part of it should be paid by itself or, to be more precise, by the French taxpayer. Then, of course, the latter is always the scapegoat who has to pay for any government's error.

13 January 2017
not to have exported any diesel cars to the U.S. TTAC estimates that FCA's potential liability in the U.S. is around 4.6 billion USD.

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