Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Media accused of pro-protester bias in Ferguson

Read more

DEBATE

The Murderous Lure of Jihad: Tackiling ISIS and its Worldwide Recruitment (part 2)

Read more

DEBATE

The Murderous Lure of Jihad: Tackiling ISIS and its Worldwide Recruitment

Read more

FOCUS

Republicans block Obama's bid to hike minimum wage

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

WEB NEWS

Web users divided over Darren Wilson

Read more

WEB NEWS

Web users take on 'Ice Bucket Challenge' to fight ALS

Read more

ENCORE!

From Paris's Liberation to 'arresting' art in Avignon

Read more

INSIDE THE AMERICAS

Ferguson riots: Pressure mounts on Obama

Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Malaysia mourns as remains of MH17 victims arrive home

    Read more

  • Reporter’s IS captors taunted family, asked for €100m ransom

    Read more

  • Two US Ebola patients leave hospital ‘virus-free’

    Read more

  • Hollande is ‘nobody’s president’ says former French minister

    Read more

  • Turkey’s Erdogan names foreign minister Davutoglu as next PM

    Read more

  • US reaches historic $16.7bn settlement with Bank of America

    Read more

  • Special report: Supplying Ukraine’s soldiers on the front line

    Read more

  • Israeli air strike kills three top Hamas commanders

    Read more

  • France delivered arms to Syrian rebels, Hollande confirms

    Read more

  • Tensions high in Yemen as Shiite rebel deadline looms

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

  • French village rallies behind besieged elderly British couple

    Read more

  • Former Irish PM Albert Reynolds dies at 81

    Read more

  • Former Femen activist detained after fighting veiled woman

    Read more

  • Thailand coup leader Prayuth Chan-ocha voted prime minister

    Read more

Business

Spying targeted business plan for electric cars, not technology, Renault chief says

Text by News Wires

Latest update : 2011-01-23

Suspected spying at Renault was seeking the French carmaker's business plan for electric cars and not technological secrets, chief executive Carlos Ghosn said in an interview published on Sunday. Three top managers were dismissed over the affair.

AFP - Alleged spying at French car maker Renault targeted its business strategy for electric cars rather than technological secrets, its chief executive said in an interview published Sunday.
              
"We have come to the conclusion that what got out was not technological information. It could be information on our economic model," the company's boss Carlos Ghosn was quoted as saying by French weekly Le Journal du Dimanche.
              
"What was targeted was our strategy for the electric cars," he added in the interview, saying that Renault was the only company making all three key elements for the electric car -- batteries, motors and chargers.
              
Renault and its Japanese partner Nissan have staked their future on electric vehicles and plan to launch several models by 2014 to meet rapidly rising demand for more environmentally friendly methods of transport.
              
They have invested four billion euros in the programme.
              
Ghosn was speaking out for the first time since the affair broke two weeks ago.
              
Renault has sacked three top managers over alleged industrial espionage and has launched legal action. The three executives have said they are suing over the allegations.
              
Ghosn said Renault had launched an internal probe in August but waited until this month to alert the authorities because "we had to do preliminary research ourselves to get an idea how serious the affair was."
              
He said he was "surprised and shocked" by the affair but insisted that in investigating it "we have been irreproachable under the law."
              
He declined to give a view of who might have benefited from the leaking of strategic information. Media reports and analysts have said Chinese companies are suspected but the Chinese government angrily denied this.
              
"We are waiting for the results of the investigation (launched by the French secret services) which I am told should last several months," Ghosn told the newspaper.
 

Date created : 2011-01-23

  • FRANCE

    Sacked Renault executive accused of spying to sue for defamation

    Read more

  • AUTO INDUSTRY

    French intelligence agency to investigate Renault espionage claims

    Read more

COMMENT(S)