Aramco to buy 10% stake in Renault, Geely thermal engines JV

Quick Summary:

:Saudi Aramco will take a 10 per cent stake in Horse Powertrain, the thermal engines joint venture between Renault and Geely, the Chinese automaker said on Friday.

Reuters earlier in the day reported that Aramco was close to buying a 10 per cent stake in Horse Powertrain.

Aramco and Renault did not immediately respond to a Reuters request for comments.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSaudi Arabia

Topics: Aramco Saudi Horse Powertrain Engines Joint Renault Stake Thermal Venture Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 22:57:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 206 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21410389

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 45 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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