Thursday, January 13, 2011

"Your mother was a hamster and your father smelt of elderberries."

French car maker PSA Peugeot-Citroen Thursday said it is well armed to avoid an industrial spying affair like that involving rival Renault SA, adding that affair won't affect its relationship with China. (more)

The head of EADS, Europe's leading aerospace company, never said that industrial spying was a "reality in China," a company spokesman said Thursday.

"We strongly deny the Financial Times' allegation that EADS CEO Louis Gallois declared spying to be a 'reality in China'. This is complete nonsense as he never said that," Pierre Bayle, head of corporate communications for EADS, told Xinhua.

"Mr. Gallois only pointed to the fact that industrial espionage generally is a matter of concern. He did not single out any specific countries. So, to suggest otherwise is totally wrong," Bayle said. (more)