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Two-way street for VW, Renault, over emissions

Thursday, November 10, 2016 - 01:45

VW launches a new facelift model of its best-selling Golf while hoping for more than just cosmetic changes to its fortunes after its dieselgate scandal. But, as David Pollard reports, another sector giant, Renault, could now face a criminal probe linked to its diesel engine emissions.

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It's not a night-club - but for VW launching an updated version of a top model could be something to rave about. (SOUNDBITE) (English) VOLKSWAGEN BRAND CHIEF, DR. HERBERT DIESS, SAYING: "Welcome to the world premiere of the new updated Golf ....." The new car features gesture control technology. A sign, VW no doubt hopes, it's putting dieselgate behind it. Last month's 15 billion dollar deal with US authorities potentially settling its liabilities for smaller engines. Even if it could still pay out billions more for emissions cheating in other, bigger ones. (SOUNDBITE) (English) VOLKSWAGEN BRAND CHIEF, DR. HERBERT DIESS, SAYING: "Sales are recovering, the brand has been growing again since August. In October, deliveries increased by 4,4 percent compared to the previous year, to 512,000 vehicles. I am confident that we will see an overall increase in deliveries for 2016." And customers, VW says, are happy with the emissions fixes it's offering. (SOUNDBITE) (English) CMC MARKETS ANALYST, JASPER LAWLER, SAYING: "As new models are released, as it takes advantage of the situation by redirecting its resources towards electric cars and new areas of the car industry, VW can take advantage of the infrastructure it has to regain some customer trust and to regain its space in the market." French carmaker Renault is less likely to be celebrating - news it faces a criminal probe have driven its shares down nearly five per cent. After an inquiry by fraud officials, prosecutors have now been asked to decide whether to bring charges over emissions cheating. Renault says its engines comply with the law. This car, the Zoe, is its small-car bid for an electric future. But for Renault a diesel-dependent past might just be catching up with it.

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Two-way street for VW, Renault, over emissions

Thursday, November 10, 2016 - 01:45