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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Renault SA | EU:RNO | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.36 | 0.76% | 48.00 | 47.64 | 48.25 | 48.33 | 47.76 | 48.15 | 519,551 | 16:40:00 |
By Justina Lee
Saudi Arabian Oil Co. has signed a letter of intent with Renault Group and Geely to acquire a minority stake in a new powertrain company that focuses on lower-emission technology.
The planned company will be a standalone global supplier with an annual production capability of more than five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault said Thursday.
The investment from Aramco will support the development of synthetic-fuel solutions and next-generation hydrogen technology.
Write to Justina Lee at justina.lee@wsj.com
(END) Dow Jones Newswires
March 02, 2023 00:12 ET (05:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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