Renault Faces Criminal Trial in France Over Alleged Diesel Emissions Cheating
French prosecutors have confirmed that Renault, the prominent automaker, will face a criminal trial for serious fraud over allegations that it installed emissions-cheating devices in its diesel cars to circumvent environmental regulations. This makes Renault the second automaker, after Germany's Volkswagen, to be referred to a French criminal court in connection with the dieselgate scandal. The indictment was signed on July 24 and notified to the relevant parties on July 27.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is negative for Conventional Vehicles, with intensity 60/100 and 80% confidence over a long term horizon.
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