Renault Probe in France Is Rooted in Volkswagen's Diesel Scandal
A Renault Kadjar automobile.
Photographer: Gianluca Colla/BloombergThis article is for subscribers only.
The French probe of Renault SA vehicles’ emissions has its roots in the Volkswagen AG diesel scandal that has rocked the car world since September.
Government fraud investigators searched Renault’s headquarters and two other offices, sparking fears of scandal contagion and sending the French company’s shares down Thursday as much as 23 percent, the most in at least a decade. Environment Minister Segolene Royal said no fraudulent systems have been found in Renault’s cars so far.