Dieselgate: Fca in the viewfinder, also of the department of justice, Usa. Also suspicions about Renault, the title down – BEND.it

the u.s. Department of Justice would launch an investigation for the alleged non-communication of the software that has allowed to violate the emission standard. The possibility of a prosecution on violations of the emissions follows the complaint of the Epa, which has discovered over 104.000 car Fca software that has allowed for the violation of the emissions standards. Fca is already in the crosshairs of the Department for the practices on the sales side. The ceo of Fca, Sergio Marchionne, explained in the various conference call that followed the denunciation of the Epa to expect the “investigation of the Department of Justice,” which usually go hand i n hand with those of the Epa. Also the Sec, the Consob Usa has launched an investigation. The title is again in big loss to Wall street

the Fca during the day and has bounced off at Piazza Affari ( closing at +4,56%), after the splash on Thursday, when the news spread that the company was under indictment in the Usa for violating the emission standards on approximately 104,000 vehicles. in particular, the Grand Cherokee and the Dodge Ram. But to finish under the lens of an inquiry, Paris is also the Renault, the title of which is gone down in the Bag. Also in this case, the automotive company denies there has been a fraud. The judicial file was opened on the 12th of January last: After the scandal of the Volkswagen, an independent committee of experts had noted the important reference to the maximum limit of air pollutant emissions on some diesel-powered vehicles sold in France by several manufacturers, including the Renault.

Fca accentuates the losses on Wall Street, where it comes to yield 4.2%. To weigh are the rumors of the agency Bloomberg, according to which the Fca would be under investigation by the u.s. Department of Justice for the alleged non-communication of the software that has allowed the company to exceed the limits on emissions.

the Eu, news from the Us “worrying” – The accusations of the Us authorities towards the Fca “are worrying”. So the spokesman for the european Commission, Lucia Caudet. Brussels – he says, “is in constant contact with the american authorities” have informed “yesterday,” the european executive had received “insufficient information” on the control of emissions. The Commission, taking note of the comments, “working with the Epa, the national authorities and with the Fca to verify the potential implications for all vehicles in the Eu”, added the spokesman.

the replica of The Renault – “Renault respects the French and european legislation. Renault vehicles have always been type-approved in accordance with the law and regulations. They comply with the rules in force. Renault vehicles are not equipped with the software of fraud devices, anti-pollution,” reads a note released by the company

The performance of securities automotive Bag – Renault (-2,34%), under investigation in Paris for the emissions of the diesel, and Fca (+4,04%), which dates from after the collapse, she eve following a similar survey in the Usa. Well, Peugeot (+2,04%), between the groups so far unrelated to the problem despite the high exposure in the field of diesel engines.

On the title Fca are positioned in a manner different managers. Up to now, about 30 analysts that follow the title, 10 advised to sell the 14 and buy. Equita raises the taget price 9.8 (+6%) but if before, he advised a ‘buy’ now more cautiously assign a ‘hold’. EXANE (underperform). Exane recommends caution, Jefferies has a ‘buy’ and seen as ‘essential’, the availability of FCA to cooperate with the Authority the american. Kepler Cheuvreux (hold), and Mediobanca, to point out the differences with the scandal of Volkswagen, and a more limited risk with a fine and, considering the number of cars involved, may be between 450 million and us $ 3.4 billion in the worst case but believe that the Epa will lean eventually for the lesser punishment.

The United States, accuse Fca violation of the emissions standards for diesel cars, with the use of illegal software to circumvent the test (WATCH THE VIDEO). Accusations for which he risks a penalty of up to 4,63 billion dollars. The immediate reaction of the title Fca, which has a Piazza Affari e Wall Street, coming to lose up to 18%. The automaker defends itself, explaining that he comply with the rules and saying that he is ready to cooperate. The case Fca ‘‘it has nothing in common with Volkswagen,” says dry, Sergio Marchionne. A few days after the farewell of the Obama administration and a few hours from the plea from us $ 4.3 billion with Volkswagen for the dieselgate, the Environmental Protection Agency the american pointing the finger at Fca, accusing it of having used a software to work around the tests on diesel emissions, allowing emissions exceeding any of the limits on approximat ely 104,000 cars.

viewfinder of the authorities’ the american there are the Jeep Grand Cherokee and the Dodge Ram with the engine in the 3-liter diesel. The violations of the Fca and the accused, imply a penalty of up to 44.539 dollars for the car, for a total of 4.63 billion dollars. According to the same calculations, for Volkswagen, the dieselgate could pay a maximum penalty of $ 17 billion. “Do not disclose” the existence of a “software that influence the emissions and is a serious violation of the law, which can result in dangerous pollution of the air we breathe,” says the Environmental Protection Agency in a note. “We continue to investigate the nature and impact of these software. All the car manufacturers need to have play with the same rules” add us authorities, according to which the software used by the Fca has many similarities with that of Volkswagen. While the investigations continue, add to the us authorities, the Fca has not yet offered an acceptable explanation as to how the devices are compliant with the law. Fca and was advised Wednesday by the police authorities that something was coming, and coming to the knowledge of the object only in the early morning of Thursday, at 8: 00 a.m. in the morning local. The official announcement of the Epa and it arrived at 11.00. Fca defends himself from the accusations: saying he was “disappointed” for the public release of the Epa, explains that its “emission control systems shall comply with the applicable regulations”. The company agrees to cooperate with the Epa and with the next administration to present its case. Marchionne will defend to the death the Fca: there is no illegal software, and “as far as I know this company, I can say that no one is so stupid to try to mount an illegal software. Then reassures us: “will we survive even if we will be fined up to $ 4.6 billion”.