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France: Renault raided by fraud police

By  |  January 14, 2016

An investigation has been launched in France into emissions testing fraud at Renault, the company admitted on Thursday after its shares had been sent skidding 20%.

Agents from France’s Economy Ministry seized computers used by several Renault directors as part of an apparent probe into emissions testing, according to unions cited by Agence France-Presse.

Renault later confirmed the police raid at its sites in Lardy, Guyancourt and its headquarters in Boulogne-Billancourt, and said in the emailed statement that it was cooperating with the investigation.

“Agents from the (anti-fraud unit) DGCCRF intervened in various Renault sites last Thursday,” the CGT Renault union said earlier, adding that the probe was “linked to the consequences of the Volkswagen rigged-engines affair”.

Following VW’s emissions scandal, Renault said in December it would invest 50m to lift emissions standards of its cars up to required levels.

Full content: The Wall Street Journal

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