Renault and Aston Martin backer Geely have announced the launch of a new UK-based powertrain technology company, to manufacture low-emission hybrid and internal combustion engines. An investment of up to £6bn will injected into the new outfit, which will employ 19,000 workers. The two automakers said the new group would operate 17 engine plants and five R&D hubs across three continents, with the firms’ headquarters located in Britain. It will aim to produce five million ICE’s and hybrid engines yearly – supplying companies…
