Stellantis's Citroen Charged in French Emissions Fraud Probe
11 June 2021 - 2:14AM
Dow Jones News
By Mauro Orru
French authorities on Thursday brought preliminary charges
against car maker Automobiles Citroen SA on suspicion of consumer
fraud in connection with the diesel-emissions scandal.
A spokesman for Stellantis NV, which owns the subsidiary, said
Citroen will have to pay a bail of 8 million euros ($9.7 million),
and provide a bank guarantee of EUR25 million to cover potential
damages. He said the charges are "in connection with the sale of
Euro 5 diesel vehicles in France between 2009 and 2015."
The announcement comes after preliminary charges were also filed
for Stellantis subsidiary Automobiles Peugeot SA, rival French car
maker Renault SA, and Volkswagen AG.
Bringing preliminary charges in the French judicial system means
prosecutors have enough evidence to deepen an investigation and a
judge can then either order the company to stand trial or dismiss
the charges.
"Automobiles Citroen SA is also in the process of assessing its
defense options in this respect," the spokesman said.
-Julien Marion contributed to this article
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
June 10, 2021 12:01 ET (16:01 GMT)
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