Business

Renault Prototype Leaks May Cause Economic Crisis

As one of the most important sectors of the industry, the car making business is continuously and intensely developing with new car prototypes brought to show rooms every year. The competition is fearful so in order to keep up with the times and the growing number of competitors, car making companies must come up with something new every year. This is one of the main reasons for which confidentiality is very important in car making companies.

French company Renault, one of the most important car making brands in the world, suspended three of its senior managers on alleged leaking of confidential information regarding Renault’s first electric car. Although the decision is not final and the three have been given the chance to defend themselves, the company has stated its growing concern as far as industrial espionage is concerned.

The Fluence ZE is Renault’s first electrical car. Since more and more car making companies have reached the conclusion that the electrical car represents the future of the car making industry, confidentiality as far as the technological means of the car are concerned, is of vital importance. A leak of technological information regarding the Fluence ZE could be disastrous for Renault as the car is onlu scheduled for showrooms at the end of the year. Meanwhile competing car makers have already launched their electrical prototype which is not so good for Renault.

The French Industry Minister Eric Besson intervened in the matter and warned that better security measures must be applied. Car making companies in France represent a powerful branch of the economy as they provide many work places for people all around France.

Read Also : Streets Of France Gets Heated Up

Japanese Economy Loosing Manufacturers´ Confidence

The Tankan quarterly survey is one of Japan’s most watched indicators as far as business and economy go and it is issued by the Bank of Japan. This year the confidence in Japanese manufacturers has decreased for the very first time since the first quarter of 2009.The decrease in the Japanese market was not as high as initially expected. This is mostly due to the swift recovery made by Japan after the international financial crisis that occurred two years ago. Confidence that Japan will recover still remains.

The comparison between the large number of manufacturers reporting positive conditions and the number of manufacturers reporting negative conditions decrease from +8 to a +5. +5 was the number reported three months ago, so the decrease is quite significant if we take into account the short period of time. The same goes for big non-manufacturers even if the margin is only of +1 as compared to +2 in September. Forecasts are not however very optimistic as far as the next quarter is concerned, with an expected decrease of the index to -1 for large manufacturers and -2 for big non-manufacturers.

Expectations are that Japan´s economy will freeze or will continue to decrease in this quarter after it had grown with 1.1 percent per quarter from July and until September. The government has reacted to these forecasts announcing a cut of 5 percentage points of the effective corporate tax and has advised the Bank of Japan to start taking measures in order to influence an economic decrease and in order to combat deflation.

Google Groupon deal

Google is reportedly ready to pay $6 billion just to take dealmaker. The search engine giant Google seems to be quite eager to acquire the group-buying service, Groupon by throwing the highest bid. It is speculated that Google might take the company for a shocking 5.3 to 6 billion dollars.

The acquisition of the Groupon Company will be a milestone of some sort for Google. It has been reported that google’s biggest competitor yahoo has tried a number of times to buy the Groupon company.

It has been reported by all things D, that although the negotiations are still going on Groupon has agreed to sell the company to Google for the price mentioned above and with an additional 700 million dollars in earn out. The New York Times has said that this deal is worth more to Google than its previous double clicks deal it made a while back.

The Groupon Company started doing business in the year 2008 with Andrew mason as the chief executive officer. This group buying service has its roots in both the United States and in Canada with many different branches in the two countries.
Needless to say, that if Google is willing to spend that much money in acquiring a two year old company then Google must believe that it can make the company a gold mine and that it will bring Google much more money than the 6 billion dollars it used to purchases it.