A new global company being launched by French motor giant Renault and Chinese carmaker Geely is set to have its headquarters in the UK.
The firms will invest up to €7bn ($7.7bn; £6bn) to develop low-emission petrol, diesel and hybrid engines.
It will employ about 19,000 workers at its 17 engine factories, as well as five research and development hubs.
The deal comes even as much of the global motor industry is shifting its focus to developing electric vehicles.
UFADEALฝากถอนอัตโนมัติ
