Environmental security

France investigates Renault for suspected emissions fraud

French investigators are to investigate carmaker Renault over suspected cheating in emissions tests on high-polluting diesel engines. The company's shares were trading 2.4 percent lower around 11.00GMT on Friday following the announcement by Paris prosecutors.

Renault shares slumped four percent to 82.56 euros in the first reaction to the news, recovering slightly to 84.16 euros during the course of Friday morning.

Three examining magistrates have been assigned to look into suspicions that the company cheated on emission tests for diesel engines making the vehicles dangerous for human or animal health, according to sources at the prosecutors office.