France prices Peugeot with client fraud in diesel emissions probe By Reuters

0

2/2
© Reuters. FILE PHOTO: French automaker Peugeot’s logo can be seen at the Brussels Motor Show on January 9, 2020. REUTERS / Francois Lenoir

2/2

(Reuters) – Stellantis said Wednesday a French court had indicted its Peugeot (OTC 🙂 unit of consumer fraud in a far-reaching diesel emissions investigation and ordered the company to provide € 30 million ($ 36 million) in guarantees for possible payouts to deliver.

The Paris court has also ordered Citroen and FCA Italy, two other Stellantis units, to appear in court in the coming weeks as part of the same investigation, the company said on Wednesday.

The Peugeot investigation focuses on older diesel vehicles sold in France between 2009 and 2015 and stems from a larger investigation by the French authorities launched in 2017 over alleged attempts to fraudulent emissions tests by diesel vehicle manufacturers.

Stellantis said in a statement that Peugeot is reviewing its defense capabilities in the case.

“The companies have a strong belief that their emission control systems have met and continue to meet all applicable requirements at the time, and look forward to the opportunity to prove it,” said Stellantis, who started the year following a Fiat merger Chrysler and the French PSA group.

Since the Volkswagen (DE 🙂 “Dieselgate” scandal, which broke out in the USA in 2015 due to test fraud, several European car brands have come under scrutiny.

A French court indicted automakers on Tuesday Renault (PA 🙂 with alleged deception and test manipulation of some of his older diesel vehicles.

French prosecutors who investigated Renault and Peugeot said they found that some of the cars were causing more than 10 times the legal limits for some models on the road, according to investigation reports from 2019.

In 2015, Volkswagen admitted to having manipulated engine software with “Defeat Devices” in order to defraud US diesel tests.

($ 1 = 0.8213 euros)

Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.

Fusion Media or any other person involved in Fusion Media assumes no liability for any loss or damage that may arise from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.

Leave A Reply

Your email address will not be published.