Renault: Probe Into Employee Ethics Breach Continues

An internal inquiry into ethics breaches by three senior executives of French car maker Renault SA (RNO.FR) is continuing, a spokeswoman for the company said Thursday.

As reported earlier, Renault has suspended the work contracts of the three employees who are suspected of giving out proprietary information harmful to the company's interests. Renault has declined to identify the executives, citing the need for confidentiality.

French Industry Minister Eric Besson said earlier Thursday that the ethics breaches involved information related to Renault's electric vehicles program. A Renault spokeswoman said she couldn't deny Besson's remarks, but said the investigation is broader than these projects.

Renault is one of the leading proponents of electric vehicle technology, and together with its Japanese partner Nissan Motor Co. (7201.TO) is investing EUR4 billion to carve itself a large slice of the market for these vehicles in the coming years.

-By David Pearson, Dow Jones Newswires; +331 4017 1740; david.pearson@dowjones.com

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