Renault’s share prices took a hit this morning after press reports emerged saying that French anti-fraud detectives had raided Renault production sites.
At the end of the trading day on the 13th of January, Renault Group share prices were 86.66, however by midday on the 14, this had fallen to below 67.5. The afternoon has seen prices recovery somewhat, with prices hovering at around 78, at the time of writing.
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The raid was first reported by Agence France-Presse. The news had a knock on effect on other car makers, with Peugeot shares also falling in the morning.
The rapid falls following these reports showed the market was still on edge after Volkswagen was hit by an emissions scandal surrounding some of its diesel models in late 2015.
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