New Renault-Geely engine firm to have headquarters in UK

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New Renault-Geely engine firm to have headquarters in UK
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The deal between France's Renault and the Chinese maker of London taxis will support 19,000 jobs.

A new global company being launched by French motor giant Renault and Chinese carmaker Geely is set to have its headquarters in the UK.It will employ about 19,000 workers at its 17 engine factories, as well as five research and development hubs.

The firm will be launched later this year and supply engines to car makers such as Volvo, Nissan and Mitsubishi. Geely Holding Group chairman Eric Li added that it planned "to become a global leader in hybrid technologies, providing low-emission solutions for automakers around the world."

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