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Detailed text transcripts for TV channel - CNN - 20110412:08:17:00

investigation into a spying scandal. chief operating officer patrick pelata resigned on monday but will continue to work for several months here before moving to a position within renault s partnership with nissan. another three people said to depart the country. that s in addition to three executives who were falsely accused of industrial espionage and wrongfully dismissed. they are shown in the top right here, they were accused of spying on renault s electric car program and selling information to chinese companies. the company admitted it fired the men after an investigation falsely found them guilty. ceo carlos goen is the man on the left. he retains his position and coo patrick pelata is on the right.

Carmaker renaultPatrick pelataChief operating officerSpying scandalIndustrial espionageInsurance companyElectric carCarlos goen

Detailed text transcripts for TV channel - CNN - 20110412:08:19:00

he worked in several different positions in the engineering department before becoming senior vice president in 1998. he worked for renault nissan for six years before coming back to renault in 2005. since 2008 he has been renault s chief operating officer with everyone on the executive committee reporting to him. despite pelata s resignation, he ll remain ceo for the foreseeable future. he s spared the chop for now, anyway, pauline. patrick pelata appears to be the main fall guy in all of this. but what about this man, carlos ghosn? some reports suggest his ties with nissan are so strong that he s too valuable a player for renault to lose. as christian mallard said,

Carmaker renaultVice presidentEngineering department before becoming seniorPatrick pelataChief operating officerCarlos goenExecutive committee reportingPauline chiouCarlos ghosnChristian mallard

Detailed text transcripts for TV channel - CNN - 20110412:08:18:00

how will this affect renault? it will definitely tarnish the image of the renault car factory image. we get the impression that we have a few scapegoats paying the piece for a the scandal. it s a scandal of three people who have been unjustly charged. the coo, patrick pelata is quitting his job. but at the same time he remains in the group with the nissan alliance, as you know. we have three people belonging to the security department who are beginning to be fired. in that case it was military rather than industrial secrets. who is patrick pelata?

Carmaker renaultCar factory imagePatrick pelataTata groupNissan allianceSecurity department

Detailed text transcripts for TV channel - CNN - 20110412:08:20:00

renault s image could be tarnished and that could lead to a loss in sales. we could probably expect renault, having, as i said, an image that is tarnished after this big scandal might pay the price for it selling less cars in the world. in the world of an economy crisis, it s clear renault was not doing too bad until now. after the scandal, people have lost the trust in the company and and definitely we will see some price to be paid for that around the world, as you said, not only in france. we will see what the impact is in the near future. in fact, renault has seen its share price tumble almost 10.5% so far this year. today its shares are down about 2.2% in paris there. that s on top of a fall of about the same amount on monday. charles?

Carmaker renaultInsurance companyEconomy crisisCharles hodsonShare price10 5

Detailed text transcripts for TV channel - CNN - 20110412:08:16:30

Detailed text transcripts for TV channel - CNN - 20110412:08:16:30
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