Renault shares fall on concerns over Nissan's emissions measures

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Mon, 09 Jul 2018 - 08:48 GMT

A Renault car dealership on Thursday in Strasbourg, France. Renault shares plunged over 20 percent before recovering some - Vincent Kessler/ Reuters

A Renault car dealership on Thursday in Strasbourg, France. Renault shares plunged over 20 percent before recovering some - Vincent Kessler/ Reuters

PARIS - 9 July 2018: Shares in French carmaker Renault (RENA.PA) fell on Monday, dragged down by a drop in the stock price of its partner Nissan (7201.T) after the Japanese firm said it would issue an explanation about its emissions measurement processes.

Renault stock was down 1.2 percent in early trading, the worst performer on France's benchmark CAC-40 index .FCHI.

Earlier on Monday, Nissan - in which Renault holds a 43 percent stake - said it would issue an explanation about its emissions measurement methods at 0800 GMT.

Japanese companies have admitted to several cases of data tampering over the past year, tarnishing the country’s reputation for high-quality, efficient manufacturing.

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