frances biggest carmaker psa group raided by fraud squad
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

In emissions probe

France's biggest carmaker PSA Group raided by fraud squad

Arab Today, arab today

Arab Today, arab today France's biggest carmaker PSA Group raided by fraud squad

French auto giant PSA Group, the maker of Peugeot and Citroen cars
Paris - Arab Today

French auto giant PSA Group, the maker of Peugeot and Citroen cars, said Thursday its premises had been raided by France's anti-fraud squad as part of a probe into emissions.

"As part of ongoing investigations on pollutants in the automobile sector, today PSA Group has been the subject of a visit and a seizure by France's General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF)," PSA, France's biggest carmaker, said in a statement.

The fraud squad said separately that the raid was prompted by harmful emission "anomalies" found in three PSA car models during pollution tests triggered by a Volkswagen emissions cheating scandal.

Five PSA sites were raided, four in the Paris suburbs and one in Montbeliard, eastern France.

PSA said it was cooperating fully with the directorate, which comes under France's economy ministry, and confirmed the "compliance of its vehicles in pollutant emissions in all countries where it operates".

Gilles Le Borgne, head of research and development at Peugeot Citroen, told AFP by phone that the investigators took away computers, which he expected would be returned on Friday.

"We are being completely transparent... we are clearly going to provide maximum collaboration," he added.

Thursday's raid comes three months after a surprise probe at Renault, France's second-biggest automaker, as part of the government's drive to shed light on emissions practices by car manufacturers in the wake of the global emissions scandal at Germany's Volkswagen.

The German company has admitted it installed illegal software into 11 million 2.0 litre and 3.0 litre diesel engines worldwide, including VW, Porsche and Audi models, that intentionally masked the vehicle's real emissions levels during testing.

Volkswagen reached an agreement Thursday with US regulators to offer US owners of some 480,000 illegally polluting diesel cars options of "substantial compensation" and to fix the cars, or to buy them back.

In the latest scandal to rock the sector, Japan's Mitsubishi Motors admitted that it had also cheated, on fuel-efficiency tests.

The shock statement sent stock market investors fleeing, wiping $2.5 billion (2.2 billion euros) off Mitsubishi's market value in just two days.

Trade unions at PSA on Thursday showed their support for the company.

"We are very confident, this doesn't seem to be worrying the management," said FO union representative Christian Lafaye.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

frances biggest carmaker psa group raided by fraud squad frances biggest carmaker psa group raided by fraud squad

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

frances biggest carmaker psa group raided by fraud squad frances biggest carmaker psa group raided by fraud squad

 



GMT 19:07 2017 Wednesday ,13 September

Kuwaiti oil barrel down 82 cents to US$50.56

GMT 03:02 2017 Saturday ,11 November

Drahi retakes the reins at Altice as share price tumbles

GMT 19:46 2016 Friday ,07 October

Football: Saudis deny Australia with late equalizer

GMT 22:01 2017 Thursday ,20 April

52 ships transit Suez Canal

GMT 04:28 2016 Monday ,14 November

Fujairah seeks partnerships with all investors

GMT 15:32 2017 Saturday ,25 February

Steinmeier elected German president

GMT 09:25 2017 Sunday ,24 December

HRH Premier Prince Khalifa bin Salman leaves Thailand

GMT 13:39 2017 Sunday ,17 December

Britain must obey EU environment rules
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday