Bloomberg PARIS (Bloomberg) — Renault SA shares fell on a report that antipollution devices on two of the French carmaker’s diesel models failed to work under a wide range of driving conditions.
The investigation by experts at the University of Burgundy found that two systems in Captur and Clio IV cars that were designed to filter emissions didn’t kick in at many speeds and outside temperatures, Le Monde reported Monday, citing the results. The shares fell as much as 3.2 percent in Paris trading.
The findings could put Renault among a host of European carmakers to run afoul of rules on controlling emissions for cars running on diesel. The manufacturer three years ago recalled diesel vehicles and upgraded emissions systems to quell a storm about possible deceit of the kind committed by Volkswagen AG. The bigger German rival was found to have outfitted its cars with so-called defeat devices that disabled anti-pollution controls.Speech