Thursday, March 10, 2011

Renault Spy Saga Continues, French Company Paid �250,000 for the Tip


The Renault espionage case is as close as it gets to an automotive �Watergate�. The scandal, which resulted in Renault firing and filing a complaint against three of its top executives for allegedly stealing documents related to the company's EV program, continues to make waves in France.

As it turns out, Renault has started to back down on the accusations, acknowledging the fact that it may have been misled to point the finger on the three executives. In a newspaper interview quoted by the Automotive News, Renault's chief operating officer Patrick Pelata said the company is considering two scenarios.

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