Free Republic

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...

A modest proposal: Make banker bonuses payable in electric cars! Alex Salkever Jul 17th 2009 at 1:00PM Goldman Sachs (GS) and JP Morgan (JPM), reported blow-out earnings to be matched with blow-out six and seven-figure bonuses for their staffs. And struggling electric car company Tesla Motors opened a Gotham showroom (via AMNewYork) for its Roadster. This sporty two-seater zips from zero-to-sixty in a breathtaking 3.7 seconds. The car's $109,000 price tag is also breathtaking. But if you're a bulge-bracket banker, coughing up $109,000 for a car means merely a slight downgrade on the Hamptons summer rental. So the modest proposal...