Renault sites raided in exhaust emmissions fraud probe


Renault shares fell sharply on news that inspectors raided three sites near Paris, but carmaker and energy minister insisted no 'defeat device' was found. 

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French carmaker Renault said fraud investigators had inspected three of its sites to look into its vehicle emissions technology - news that wiped billions off its market value in an echo of the scandal engulfing German rival Volkswagen, reports Reuters.