Renault sinking stock exchange: a new hypothesis dieselgate. The company: no fraud – Il Sole 24 Ore

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This article was published on 14 January 2016 at 12:30.
The last change is the January 14, 2016 at 14:22.

Crash in the stock market for Renault after news of searches for possible fraud in several locations of the automaker . The title came to lose 20%, influencing Peugeot (-8%), Fca (-9%), Daimler (-5.6%), BMW (-4.58%) and Volkswagen (-4.48 %), followed by Ferrari (-3.8%). For Renault it is the worst seat in the Stock Exchange since November 17, 1994: for now burned 5 billion capitalization. The Eurostoxx industry is the worst in Europe, with a decline of 5.63 percent.

The France Presse, citing the union CGT Renault site Lardy, wrote this morning that Investigators of the French anti-fraud service have seized some computers to some locations Renault on January 7. The sectors involved (“approval and development of motor controls”) suggest that these searches are related to the consequences of the deal “engines rigged” Volkswagen, say the unions.

The company confirmed inspections last week and explained that “investigators have decided to carry out additional checks in the factories.” The current test, said Renault, have at the time “highlighted mechanisms falsified emissions” and still the company is “cooperating fully with any further investigations in progress.”

After the scandal Volkswagen (- 5.10% in Frankfurt), Renault had announced in December a planned investment of 50 million Euros to reduce the gap between the emissions of its vehicles in type approval conditions and under real conditions.

The title also affected by the decline in car sales in Russia in 2015 (-46%), where the group is exposed under the brand Avtovaz.

Inspections by the French authorities seems Fraud disputes involve units of the engine management. The suspect, according to rumors, might be with the Energy 1.6 dCi turbodiesel engine offered in two power levels (130 and 160 hp), which equips many models in the group Renault-Nissan (Renault Espace, Nissan Qashqai for example) but also cars Daimler, like the Mercedes C-Class by virtue of the industrial alliance under way between the house and the Franco-Japanese three-pointed star. It is noted that the 1.6 dCi Bosch EDC17 ECUs mounts, the same family as those used its engines Volkswagen EA 189 involved in diesegate

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