Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes
The partnership will also help Airbus develop tech linked to hybrid-electric aircraft
The Japanese carmaker has had a rocky year that has brought it to the brink. However, a four-year transformation strategy has plotted out an aggressive turnaround plan.
Here’s what to expect in the Middle East
Renault shares have fallen 47 per cent this year
Prince Alwaleed Bin Talal Alsaud, founder and chairman of Saudi’s Kingdom Holding Company, topped the list
© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.