Foreign
FRENCH carmaker Renault (RNSDY.PK, RNSDF.PK, RNT.L) says it has been charged with “deceit” by a French court in relation to a diesel emissions probe launched in 2017.
Several carmakers in Europe came under scrutiny since the Volkswagen Dieselgate scandal, which erupted in 2015 after test-cheating allegations in the United States.
Renault denied any wrongdoing. The company said that its vehicles were not equipped with any rigging software for pollution control devices.
Renault said it had always complied with French and European regulations. Its vehicles had all and always been type-approved in accordance with applicable laws and regulations.
The French court had ordered Renault to pay a bail of 20 million euros (24.3 million dollars), 18 million of which would be dedicated to the potential payment of damages and fines.
The court also ordered the company to provide a bank guarantee of 60 million euros dedicated to the potential compensation for losses. (dpa-AFX/NAN)
June 09, 2021 @ 12:35 GMT
Tags: Renault charged with ‘deceit’ in French diesel emissions probe
