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PARIS (Reuters) -French carmaker Renault and Chinese rival Geely expect to finalise a joint venture for their combustion and hybrid engines towards the end of February, two sources close to the matter told Reuters. At the same time, Saudi Aramco is set to announce the signing of a memorandum of understanding to invest in the venture, one of the sources said, a move that would confirm Aramco's letter of intent from March last year. The deal is key for Renault which, despite an improved performance, is overshadowed by bigger rivals including Stellantis. ....
French carmaker Renault and Chinese rival Geely expect to finalise a deal on their planned combustion and hybrid engines joint venture towards the end of February, two sources close to the matter told. ....
Geely will include eight powertrain plants in China and one in Sweden in its future combustion engine joint venture with Renault and Saudi Aramco, two sources close to the matter said.. | March 29, 2023 ....