• France's news in English
 
app_header_v3
Renault shares plunge after anti-fraud raids
Photo: AFP

Renault shares plunge after anti-fraud raids

AFP · 14 Jan 2016, 13:15

Published: 14 Jan 2016 13:15 GMT+01:00

At around 11.30am, Renault shares were down over 20 percent at €69.02, while rival carmaker Peugeot's stock also fell sharply, by seven percent to €13.70.
   
Earlier, unions reported that French anti-fraud detectives have raided several production sites of Renault, possibly to investigate emissions foul play. 
   
"Agents from the (anti-fraud unit) DGCCRF intervened in various Renault sites last Thursday," the CGT Renault union said in a tract.
 
Renault confirmed the raids later on Thursday.
   
Story continues below…
The probe targeted the sites' engine control units which suggests, the union said, that the raids "are linked to the consequences of the Volkswagen rigged-engines affair".
   
Detectives took several personal computers belonging to Renault managers, the unions said.
Today's headlines
French priest murderer: He was a 'gentle' child
Photo: AFP

French police have formally identified the second attacker who killed a priest in northern France on Tuesday. And his mother has said he was her "gentle child".

Johnson hails France in Paris (while speaking French)
French Foreign Minister Jean Marc Ayrault (R) shakes hands with Britain's Foreign Minister Boris Johnson (L). Photo: AFP

VIDEO: A British Foreign Minister who speaks French. Fancy that.

Should you really go to the Bayonne Festival?
A bullfighter and a crowd at this year's festival. Photo: AFP

Should people boycott the Bayonne festival in France because it features bullfighting? Many think so.

Le Thought du Jour
Sorry Donald Trump, but 'France IS still France'
Photo: AFP

Donald Trump reckons 'France is no longer France', because his friend said so. We don't agree.

France to create new National Guard 'to protect its citizens'
Photo: AFP

France will soon have its own National Guard the president announced on Thursday as he aims to boost security to protect the French population facing repeated terror attacks.

French teens storm police barracks in hunt for Pokemon
Photo: AFP

The arrival of Pokemon Go in France has landed people in all sorts of trouble.

Corsican militants warn 'Islamist radicals' over attacks
Photo: AFP

Militants warn violent extremists that any attack would be met by a "determined response".

Shareholders revolt sees French exec's pay slashed
Photo: AFP

Renault cuts its CEO's salary after a revolt from shareholders.

Priest killing: 'France was warned about attack threat'
French political leaders attend a memorial mass for the slain priest. Photo: AFP

French authorities had reportedly been warned that the second terrorist behind Tuesday's cold-blooded murder of a priest was ready to act.

Fêtes de Bayonne
France's wildest festival gets underway amid tight security
Festival goers in Bayonne - a sea of red and white. Photo: AFP

Over the coming days around a million revellers are expected at what is arguably the wildest, most raucous and most colourful event in France.

Sponsored Article
5 reasons to try dating in Paris with The Inner Circle
France: A timeline of terror since the Charlie Hebdo attack
Sponsored Article
Why you should attend an international job fair
A timeline of terror in France since Charlie Hebdo
Culture
Thirteen free and easy ways to learn French
Culture
32 mistakes foreigners make when they arrive in France
National
Here are the worst scams to avoid whilst driving in France
Analysis & Opinion
Isis can simply be a conduit for the violent desires of psychopaths
Features
Six outdoor bars in Paris you simply must visit
Culture
The open-air Villette cinema has been cancelled over security fears
Sponsored Article
Why Swiss hospitality graduates are in demand
Culture
Henri Rousseau exhibition proves huge hit in Paris
National
Frenchman caught trying to sell Nice massacre souvenirs online
Society
OPEN NOW: Here's why you should head to the Paris Plages
Sponsored Article
Why expats choose international health insurance
Culture
What's on in France: Still plenty to see and do in July
Lifestyle
Treasures of Versailles to go on display in Australia
National
How to keep cool during France's heatwave
Sponsored Article
Why you should attend an international job fair
National
Nice attack: What we know so far
National
Nice attacker: Body-building, drug-taking, violent flirt
National
IN IMAGES: Drawings in tribute to Nice attack victims
Sponsored Article
Why Swiss hospitality graduates are in demand
Society
Promenade des Anglais: The iconic heart of the French Riviera
France faces more questions after latest deadly attack
Sponsored Article
Why expats choose international health insurance
National
Why is France the target of choice for jihadist attacks?
National
Nice truck attack: 'Bodies went flying like bowling pins'
Nice attack: Families of missing make pleas on Twitter
Politics
Boris Johnson cheered and booed at Bastille Day party
2,759
jobs available