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Renault ready to open its internal combustion engine business to Chinese Geely and Saudi Aramco

Source: time.news time.news
News Snapshot:

Renault is reorganizing rapidly to find the means to face the electric revolution, while ensuring a future for its gasoline or diesel engine factories. The group is in discussion to bring two new partners into the capital of a company overseeing its development and production activities for thermal and hybrid engines. This entity, whose code name is “Horse” (“horse”, in English), could have as a shareholder the Chinese car manufacturer Geely but also an oil group, as revealed on Tuesday, August 30, the Reuters agency . According to our information, it is the Saudi company Aramco, with which Renault could…

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