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Renault's stock price (RNO) drops by 16%. Peugeot (UG) also drops by 6.5%. Fiat (FCAU) loses 7.7% in premarket. AFAIK, Peugeot hasn't been raided (yet). Here's
by jeromeflipo 11y ago
Renault's stock price (RNO) drops by 16%. Peugeot (UG) also drops by 6.5%. Fiat (FCAU) loses 7.7% in premarket.
AFAIK, Peugeot hasn't been raided (yet). Here's some context about the companies' exposure to the diesel scandal: http://www.bloomberg.com/news/articles/2015-09-25/peugeot-renault-set-to-be-hit-by-fallout-from-vw-s-diesel-dupe http://www.bloomberg.com/news/articles/2015-09-25/peugeot-re...
- riffraff 11y agoSeems like FIAT's situation might be unrelated, i.e. they are apparently being sued in the US for unrelated stuff[0] i.e. forcing dealers to report higher sales data than real (though the thing seems somewhat odd). [0] http://www.wsj.com/articles/fiat-shares-suspended-several-times-in-milan-after-heavy-losses-1452775574 http://www.wsj.com/articles/fiat-shares-suspended-several-ti...
- LoSboccacc 11y agoIn the rumor over rumor game, I think fca stock drop was more related to gm refusing a merger