Volkswagen just tabbed a former FBI director to be the highest paid traffic cop in the universe.
That, Renault is only “improving” its emissions, GM’s big bet on ride sharing and the world’s biggest auto supplier says diesel isn’t dead … after the break!
Agents from France’s Economy Ministry’s fraud office last week raided the headquarters of automaker Renault, as well as other sites in Guyancourt and Lardy, as part of a probe into heavily polluting diesel vehicles in the European country. Specifically, the agents were said to be looking into “possible engine-rigging to dodge pollution controls,” reported RFI.
Renault stated that investigators found “no evidence of a defeat device equipping Renault vehicles,” Reuters reported.
Renault is now the second automaker to be investigated on a deeper level after Volkswagen admitted to falsifying CO2 emissions data in Europe and implementing a “defeat device” in diesel vehicles worldwide.
Nissan and the French government struck a deal Friday to end a dispute over how much influence the state has over the carmaking alliance between the Japanese automaker and Renault, according to Renault.
The French government will cap its voting rights between 17.9 percent and 20 percent in non-strategic shareholder decisions, and will preclude “interference” by the government in Nissan by Renault. Renault, which is partially state-owned, is Nissan’s largest shareholder.
Earlier this year, France passed a law that would have given the government increased voting rights in the alliance, perhaps in an attempt to forge a stronger partnership between the two automakers. (Read More…)
Nissan has announced a proposal which would end Renault’s control of the Renault-Nissan Alliance, and would curtail interferance by the French government.
When we last left off, Nissan was looking to gain a voice in the alliance it made in 1999 with Renault by increasing its stake while mitigating the stake shared between Renault and Paris. The Japanese automaker has held a 15 percent non-voting stake since alliance CEO Carlos Ghosn turned around its fortunes in the early 2000s, as French law prevents affiliates owning less than 40 percent of a French-led company from voting at the shareholders’ table.
Nissan has other ideas. (Read More…)
Investigators in France seized documents and office equipment from Volkswagen offices there in connection with its inquiry into the automaker’s admission that it cheated emissions tests.
The raid, which happened on Friday, wasn’t reported until Sunday, according to the Wall Street Journal.
Investigators in Germany and Italy have already seized documents from Volkswagen’s respective headquarters in those countries relating to the scandal, which affects more than 11 million cars worldwide.
German transportation authorities said Friday that Volkswagen can’t phone a friend for help, they’re on their own.
“At this point we have no indication of other manufacturers being involved,” a government spokesman, said according to Reuters (via Automotive News Europe).
Being the only automaker embroiled in the scandal — for now — means that Volkswagen will have to face alone the wrath from governments tripping over themselves to charge the automaker with just about anything they want. In the U.S., Volkswagen faces a pending congressional inquiry; in France, prosecutors have opened an investigation for “aggravated deception;” in Italy, the government’s antitrust authority has begun an investigation; in Switzerland — you get the idea.
Jenson Button (pictured above) and his new wife (not pictured) were the target of apparent Bond villains last weekend after robbers allegedly knocked the couple and their guests out with gas pumped in through the vents and made away with $465,000 in jewelry, the BBC reported.
The Formula One driver, his wife and their guests, who were all staying in St. Tropez, weren’t injured in the robbery. A spokesman for Button muddled things further (emphasis ours):
“The police have indicated that this has become a growing problem in the region with perpetrators going so far as to gas their proposed victims through the air conditioning units before breaking in.”
So you’re saying this happens a lot? That doesn’t sound right.
BMW’s i3’s success is helped by a number of government incentives in a few of the automaker’s key markets, according to CEO Norbert Reithofer.
Want to continue to drive in Paris? You’ll need a new vehicle starting this summer, when the French city begins restricting older vehicles from its heart.
Starting in April, France will encourage diesel drivers to replace their oil burners with electric power through an incentive up to €10,000 ($11,422 USD).