Volkswagen’s emissions scandal has proven to be very harmful to the company, not only has it severely damaged the company’s reputation in front of the public, but it’s also going to cost Volkswagen billions of dollars to make things right. If a new report is to be believed VW may not be the only car maker that was cheating emissions tests, apparently Renault may be caught up in a similar scandal.
The report from AFP cites CGT Renault union representatives who claim that the car maker’s offices in France have been raided by the country’s anti-fraud office, apparently they were interested in engine control units that were fitted to particular models.
VW investors have seen how badly a scandal like this can dent the credibility of the business and also erode the trust that customers placed in the company. It was unsurprising to see that soon after this report was published Renault’s stock dipped about 20 percent.
For now, though there aren’t a lot of details available about the actual raid and the reason behind it. The French government agency has not answered any questions related to the raid as well while Renault hasn’t even confirmed if something like this has happened. Naturally it would want to contain the situation if one has arisen. It’s believed though that the raid had something to do with environmental certification and standards testing.
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