Renault, Fiat Chrysler Shares Plummet Amid Latest Car "Scandal"

14Jan2016January 14, 2016

Renault, Fiat Chrysler Shares Plummet Amid Latest Car "Scandal"

Fiat Chrysler Automobiles shares dived by over 10% in Milan on Thursday following reports which accused the giant car maker of inflating its U.S. sales figure. Meanwhile, French car maker Renault shares also plunged, falling by over 20% after police raids on several of its factories in connection with a probe into an alleged emission scandal.
Fiat accused of conspiring to inflate U.S. sales
In a lawsuit filed Tuesday by two dealerships in the Napleton Automotive Group, it was alleged . . .

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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