International News-NO PICS

Saudi Aramco To Partner With Car Giants On Engine Business

French Renault and Chinese Geely are putting the finishing touches on a deal that will add Aramco to their partnership for the development and marketing of gasoline engines and hybrid automotive technology. This is according to unnamed sources who spoke to Reuters, saying the Saudi state oil company is negotiating the acquisition of a 20-percent stake in the partnership between the carmakers. The partnership focuses on the development of a new powertrain technology. Plans are for the development of an annual production capacity of more than 5 million…For Feedback and Comment, write to us on hello@newswire.ae

admin.newswire

admin.newswire

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

International News-NO PICS

BP Still In Spotlight Over Incomplete Russia Exit

Since Russia’s invasion of Ukraine On February 24, 2022, multinational companies have come under intense pressure from investors and consumers
International News-NO PICS

The E.U. And China Are Barreling Toward a Political Standoff Over COVID-19

BRUSSELS — The European Union and China on Tuesday moved closer to a political standoff over the COVID-19 crisis, with