Renault Admits Wrongdoing In Spy Case, Executives Exonerated

Renault Admits Wrongdoing In Spy Case, Executives Exonerated
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Renault is admitting that is wrongfully dismissed three executives accused of corporate espionage, saying it has found no evidence to support the allegations made. Carlos Ghosn, Renault’s CEO, met with the three and promised compensation for their erroneous termination. Renault had accused the executives of holding illicit bank accounts in Switzerland and Lichtenstein, but their… Continue Reading...

Was Renault’s Spygate a Hoax?

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Was Renault’s Spygate a Hoax?
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Days after Renault fired three men and pressed criminal charges on them for allegedly attempting to sell electric car secrets overseas, CEO Carlos Ghosn is facing a disturbing lack of evidence, embarrassing Renault into reconsidering its accusations. The entire dramatic episode is becoming a farce—like BP during the Gulf oil spill, Renault may be faced… Continue Reading...