Several searches were conducted last week in Renault manufacturer sites. Computers were seized in fixing scandal software for diesel engines.
Several Renault sites were raided last week as part of the investigation after the Volkswagen scandal. This information was revealed yesterday came as a bolt from the French automotive landscape hitherto relatively untouched by the fixing scandal software. The headquarters, the Renault Lardy Technical Centre and the Technocentre in Guyancourt were spent combing through the General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF).
These searches were conducted as part of the investigation by an independent technical commission set up by the French government and responsible for verifying that the builders have not equipped their vehicles equivalents software to those of Volkswagen. Immediately yesterday, Renault assured that “the Directorate General for Energy and Climate (DGEC), which is the lead partner of the independent technical Commission considers that the proceedings would not reveal the presence of a Software truqueur equipping Renault vehicles. ” A versio nqu’a confirmed last night the Minister Segolene Royal by ensuring that no faker software was first discovered Renault. “In parallel, the DGCCRF decided to conduct a further investigation into documentary and on site, which aims to definitively validate the initial analysis made by the Independent Technical Commission,” added the automotive group.
The seized computers and action that tumbles
The CGT Renault Lardy Technical Centre, which was reported yesterday in the morning of the searches which were later confirmed by management . The investigators “recovered the PC several directors” according to witnesses on site. After the Volkswagen scandal, Renault announced in December an investment plan of 50 million euros to reduce the gap between the emissions of its cars in the conditions of approval and in real situations. The consequences were immediate for Renault shares listed on the Paris Stock Exchange. The stock has lost 10.2% yesterday after posting at midday a decline which even exceeded 20%.
Exceeding standards
The independent technical commission perform the tests on behalf of the government aims to detect possible fraud pollution on French cars. The Royal Minister said yesterday that the results were only partial for now. The tests, carried out by the laboratory UTAC-Ceram since last October, have indeed been limited to 22 cars. The final sample will total one hundred vehicles. Initial results showed “exceeding standards” for CO2 and nitrogen oxides at Renault and “several” foreign brands. Eight brands are being tested. Renault, PSA, Volkswagen, Mercedes, Ford, Opel, Toyota and BMW
For PSA Peugeot Citroën, the difference between emissions during testing laboratory and road would be classic twice as high in real conditions. For the German manufacturer Volkswagen, it would be three or four times! But for Renault, the results are “very bad, well above other manufacturers,” believes public radio France Inter. The Technical Commission survey consists of researchers, consumer associations and environmental and government agencies.
Peugeot victim of collateral damage
In the wake of the fall of Renault shares, as Peugeot has also stumbled with a decline of 5.5% after almost reached 9%. Following this is the automotive sector, which was swept away by the déferlente. And automotive suppliers such as Faurecia and Valeo have also seen their shares plummet from -3.84% respectively of -4.02% in a market down 1.72%.
“No any anomaly “
Very quickly the manufacturer PSA Peugeot Citroën has sent a press release and said” not having been subject to a search of the DGCCRF. ” “The results of the tests performed by the technical committee” chaired by the Minister of Ecology Segolene Royal “were communicated to us and testify to the absence of any abnormality,” said the group welcomes “the relevance of choices technology in the treatment of pollutant emissions “.
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