Is Renault dealing with its personal emissions scandal?
An AFP report, syndicated by The Telegraph, claims that Renault could possibly be dealing with a Volkswagen-type emissions scandal of its very personal. Representatives from the CGT Renault union are claiming that the French automotive maker’s workplaces have been raided by the nation’s anti-fraud workplace final week. The suggestion is that authorities from the company have been within the engine management models which might be fitted to sure automobiles. As well as, the private computer systems of a number of administrators have been seized. Naturally, this information has had a disastrous impact on Renault’s share worth, with Bloomberg reporting that the potential scandal has induced a fall of 20 %.
At this second, particulars are tremendously skinny on the bottom and neither Renault nor the French bureau that carried out the raid is responding to questions. It is believed, nevertheless, that the authorities particularly raided Renault’s amenities that needed to do with requirements testing and environmental certification. We’ve got despatched our personal inquiries to each events within the hope of getting one thing meatier than your normal “no remark.” It is in all probability an extended shot, however we’ll replace this story as quickly as we all know extra.