Exclusive-Renault, Geely look to bring Aramco into engine venture -sources

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Reuters UK

By Norihiko Shirouzu and Gilles Guillaume BEIJING/PARIS (Reuters) -Renault SA and China’s Geely Automobile Holdings are working to finalise a deal to bring Saudi Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies, three people with knowledge of the talks said. The Saudi oil producer has been involved in advanced discussions to take a stake of up to 20% in a previously announced but still-unnamed Geely-Renault powertrain technology company that the automakers are working to establish, the three people told Reuters. Big oil firms have worked with …

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