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Saudi Aramco and Chinese Geely ready to invest in Renault – The Limited Times

News Snapshot:

Renault arrives in the home stretch of its two-headed reorganization. On the one hand, its combustion engine business will be housed in an entity codenamed “Horse.” On the other hand, those linked to electrification will be managed in “Ampère”. In April, Thierry Pieton, the financial director, had specified that the group had received “ numerous expressions of interest from potential partners in thermal energy ”. The main purpose of this reorganization for Renault is to raise new capital, in order to cope with investments related to electrification, connectivity… which are currently unaffordable for the French manufacturer. While this scheme has…

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