It’s Giving Tuesday! Your donation has 3X the impact today. Give Now
BBC World Service

China denies involvement in Renault scandal

Rebecca Singer Jan 13, 2011
HTML EMBED:
COPY
BBC World Service

China denies involvement in Renault scandal

Rebecca Singer Jan 13, 2011
HTML EMBED:
COPY

TEXT OF STORY

STEVE CHIOTAKIS: China’s denied any involvement in an industrial espionage scandal involving the French car maker Renault. Three executives were suspended by the company last week on suspicion of leaking information about its multi-billion dollar electric car program.

The BBC’s Rebecca Singer reports.


REBECCA SINGER: The French government says it’s not accusing any particular country but that Renault has been a victim of an “economic intelligence war” which it takes very seriously. Renault, along with its Japanese partner Nissan, is at the forefront of developing technology for electric cars. And China is behind in the race for electric vehicle technology.

The Chinese foreign ministry spokesman Hong Lei looked at the press reports and says there’s nothing to them…

HONG LEI: We believe that the accusations that China is behind this case are utterly baseless and irresponsible.

This is such a big scandal that the French secret service has been told to investigate. One lead that’s emerged is a possible link to a Chinese power company which the French media reckons has been paying undisclosed sums into bank accounts opened by two of the Renault executives. The company is due to file legal complaints later today.

In London, I’m the BBC’s Rebecca Singer for Marketplace.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Triple Your Impact 

It’s Giving Tuesday, and the Marketplace Investors Challenge Fund is matching gifts to triple your impact!