Wednesday, January 5, 2011
Various sources are reporting today that three top Renault execs have been suspended on accusations of industrial espionage. Renault fears that they may have jeopardized its electric vehicle program, as on the execs was in charge of the company's EV development. This has further implications since Renault is developing the EV program in collaboration with Nissan. The electric vehicle development represents and investment of over 4 billion Euros.
Reuters reports that the three top Renault execs have been caught red-handed for industrial espionage. Apparently, someone inside the company alerted the management about the breach in security. This led to the three managers being put under investigation.