Renault Charged With 'deceit' In Diesel Emissions Probe

French carmaker Renault (RNSDY.PK,RNSDF.PK,RNT.L) said that it has been charged with 'deceit' by a French court over a diesel emissions probe launched in 2017.

Several carmarkers in Europe have come under scrutiny since the Volkswagen "dieselgate" scandal which erupted in 2015 over test-cheating in the United States.

Renault denied any wrongdoing. The company said that its vehicles are not equipped with any rigging software for pollution control devices.

Renault said it has always complied with French and European regulations. Its vehicles have all and always been type-approved in accordance with applicable laws and regulations.

The French court has ordered Renault to pay a bail of 20 million euros, 18 million of which will be dedicated to the potential payment of damages and fines. The court has also ordered the company to provide a bank guarantee of 60 million euros dedicated to the potential compensation for losses.

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