Renault plans software patch to cut diesel emissions
- 8 years ago
Renault said on Tuesday it planned a software upgrade to cut nitrogen oxide (NOx) pollution from its diesel engines, which have come under fire for their relatively high emissions in the wake of the Volkswagen test-rigging scandal.
Following VW's exposure last September for using software "defeat devices" to cheat U.S. regulatory tests, the French carmaker has drawn public and investor scrutiny over its own emissions performance.
As of Monday's market close, Renault shares had fallen 14 percent since the Jan. 14 disclosure that investigators raided its offices this month over suspicions of emissions fraud - since roundly denied by company and government officials.
At 1236 GMT, the stock was up 1.8 percent at 75.50 euros.
Following VW's exposure last September for using software "defeat devices" to cheat U.S. regulatory tests, the French carmaker has drawn public and investor scrutiny over its own emissions performance.
As of Monday's market close, Renault shares had fallen 14 percent since the Jan. 14 disclosure that investigators raided its offices this month over suspicions of emissions fraud - since roundly denied by company and government officials.
At 1236 GMT, the stock was up 1.8 percent at 75.50 euros.