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Paris (AFP) Jan 14, 2011 French car maker Renault has launched legal action for industrial espionage after it suspended three top managers who it reportedly suspected of leaking secrets about its new electric cars. The company said on Thursday it had lodged a complaint for "industrial espionage, corruption, breach of trust, theft and handling stolen goods." State prosecutor Jean-Claude Marin said the charges alleged that "elements concerning France's economic secrets" had been leaked "to a foreign power." The French daily Le Figaro has reported that Chinese interests stood to benefit from spying on Renault's electric car programme, on which it is staking its future. China has angrily denied any involvement. Renault last week suspended three senior managers -- Michel Balthazard, Matthieu Tenenbaum and Bertrand Rochette -- over suspicions they had leaked strategic information. The three deny involvement and were not named in the company's judicial complaint on Thursday. Under the French judicial system prosecutors can investigate allegations without a defendant being named.
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Carmakers target inland China to maintain growthShanghai (AFP) Jan 13, 2011 Carmakers, having conquered China's coasts, have now set their sights on the country's vast interior as they bid to extend their phenomenal growth in the world's largest auto market, analysts say. China has seen a decade of nearly non-stop annual sales growth of 30 percent or more as rising income levels fuelled by the fast-growing economy spurred a surge in private car purchases, beginning ... read more |
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