Renault Seeks to Move Beyond Cheating Fears With Growth Target
- French carmaker didn't cheat on emissions, executive says
- Deliveries this year will grow faster than 3.3% pace in 2015
Renault SA's Kadjar compact sport-utility vehicle .
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Renault SAvowed to accelerate sales growth this year, as the French carmaker sought to wave off concerns that it could get caught up in a VW-type emissions scandal.
Renault has come under pressure after it revealed last Thursday that its offices in France were searched by government fraud investigators as part of a probe into vehicle emissions. French peer PSA Peugeot Citroen said it hadn’t been raided. Renault’s shares have tumbled since the revelations, even after France’s Environment Minister Segolene Royal said no fraudulent systems have been found on the company’s cars and shareholders and employees should “rest easy.”