PSA Group Raided by French Fraud Office in Emissions Probe
- French carmaker says it's cooperating fully with investigation
- Government expands Volkswagen probe that started in September
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PSA Group premises in France were searched by government fraud investigators as part of an broader probe into vehicle emissions, with the scrutiny sending its shares down as much as 4.5 percent.
The Paris-based maker of Peugeot, Citroen and DS cars said in a statement that it is cooperating fully with the inquiry. The French Economy Ministry’s fraud office said it searched five premises following “anomalies” in emissions tests.