Le Oops - Renault plans to exonerate managers fired for alleged corporate espionage

Carlos Ghosn

France - Renault SA is making plans to exonerate the three managers fired for alleged corporate espionage, people familiar with the matter said, in what would be a major stand-down that could presage a change in the French auto maker’s senior management.

As Renault faces up to what is likely to be an embarrassing conclusion to its highly touted "affaire d’espionnage," one scenario being discussed by the firm’s board is for Chief Operating Officer Patrick Pélata to tender his resignation, the people familiar with the matter said. It is unclear whether Chief Executive Carlos Ghosn would accept the resignation, however, these people added. (more)