Renault Charged in France in Emissions Fraud Probe
08 Giugno 2021 - 10:17PM
Dow Jones News
By Kimberly Chin
French prosecutors on Tuesday brought preliminary charges
against Renault SA on suspicion of emissions fraud, adding to the
fallout for auto makers following Volkswagen AG's emission
scandal.
The French auto maker said Tuesday it would need to pay a bail
of 20 million euros, equivalent to $24.4 million, and provide bank
guarantees of 60 million euros to compensate potential damages as
part of the probe related to older diesel vehicles.
Renault denied wrongdoing and said its "vehicles have all and
always been type-approved in accordance with applicable laws and
regulations."
It added that its vehicles aren't equipped with rigging software
for pollution-control devices.
French authorities opened an investigation into Renault in 2017
to probe whether the French auto maker engaged in fraudulent
practices that made its diesel-powered vehicles "dangerous to human
and animal health."
France's antifraud authority began an emissions investigation
into Renault and other car makers in 2016 after Volkswagen admitted
using defeat devices to dupe laboratory emissions tests. The
antifraud authority searched Renault's headquarters. an engineering
facility and a technical center in France as part of the probe. The
regulators discovered abnormal levels of nitrous oxide from some of
Renault's diesel engines.
Last fall Volkswagen wrapped up a three-year compliance
monitoring program required by U.S. regulators. The German auto
maker has been working to move on from its emissions scandal,
including by making a push into electric vehicles.
--Kim Richters contributed to this article.
(END) Dow Jones Newswires
June 08, 2021 16:14 ET (20:14 GMT)
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