In just half a day, Renault SA lost 6 billion euros in market value
Renault shares fell 20% on the news of searches at the company related to an investigation into engine emissions cheating.
Renault and French authorities have not yet commented on the situation. Earlier, a diesel scandal erupted around German automaker Volkswagen, which was caught cheating on emissions. It seems that, in a chain reaction, 'environmental investigations' may also affect other automotive giants.
Recall that due to dieselgate, Volkswagen's sales fell for the first time in 13 years.
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