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China Link Investigated in Renault Spy Case
WSJ ^ | 01/08/11 | DAVID GAUTHIER-VILLARS and SEBASTIAN MOFFETT

Posted on 01/09/2011 5:58:40 AM PST by TigerLikesRooster

China Link Investigated in Renault Spy Case

By DAVID GAUTHIER-VILLARS and SEBASTIAN MOFFETT

PARIS—Chinese interests may be behind a high-level corporate espionage case related to Renault SA's electric car program that has led to the suspension of three company managers, according to a person familiar with the matter.

Renault hasn't given any details as to why it suspended the three managers earlier this week, saying only that they had been involved in a serious breach of confidentiality that put important company assets at risk. In addition to conducting its own internal probe into the breach, the car maker is also expected to file a criminal complaint against the three as early as Monday, said the person familiar with the matter.

The French government, which owns 15% of Renault, is taking a close interest in the case. While Renault hasn't formally filed a complaint with authorities, France's secret services began looking into the matter after receiving information suggesting Chinese interests may be involved, according to the same person.

It was unclear Friday whether the French government is looking into Chinese companies or individuals.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: china; eletriccar; espionage; renault

1 posted on 01/09/2011 5:58:48 AM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 01/09/2011 5:59:37 AM PST by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

Spying has been China’s main method of “research and development” for quite a number of decades.


3 posted on 01/09/2011 6:03:43 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: jiggyboy

Right. People should be awed by China’s espionage apparatus.
Reverse engineering is one thing but outright espionage is quite another.


4 posted on 01/09/2011 6:10:33 AM PST by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: jiggyboy

You’d think by now they’d know better than to spy on a company like Renault.


5 posted on 01/09/2011 6:18:14 AM PST by Darth Reardon (No offense to drunken sailors)
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To: TigerLikesRooster

Anyone company dumb enough to put a Chinese National (or former national) in a position to STEAL corporate information deserves what they get!


6 posted on 01/09/2011 6:22:12 AM PST by WellyP
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To: TigerLikesRooster

Who is afraid of China? Brain power? Where were they over the last 2000 years let alone the last 200 years? Their only methodology is akin to the soviets... mimicking western civilization through theft of ideas and technology. They are not creators nor innovators.

Yup as per Lulu, “its those white skinned blue eyed” who created it all.

Those communists? All liars, thieves and bums!

Zounds arrogant? Look at history!


7 posted on 01/09/2011 7:45:46 AM PST by himno hero
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