Renault Shares Tumble After Anti-Fraud Authority Accusations Of “Cheating” On Emissions Tests

Update: Unsurprisingly, Renault has denied the charges, and claims it has had no official notification of the investigation…
Renault hasn’t been officially notified about the French diesel probe, a spokesman said by phone.
Renault isn’t using software to cheat on emissions, the spokesman said
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Yesterday we sarcastically noted “they are all at it” when Fiat Chrysler was slammed by the EPA for emissions cheating, and now get further confirmation of the farce as The FT reports, French authorities have started a preliminary investigation into Renault amid suspicion the company may have ‘cheated’ to conceal abnormal emissions of pollutants from some of its diesel engines.
The government commission’s report over the summer found that nitrogen oxide emissions for many Renault models went well beyond their official limit under ‘normal’ driving conditions, by a factor of more than 10 in the case of some models.

This post was published at Zero Hedge on Jan 13, 2017.