Renault, Geely strike deal for internal-combustion joint venture
Source: Reuters
BEIJING, Nov 8 (Reuters) - Renault SA (RENA.PA) and China's Geely have agreed to launch a new, equally held joint-venture that will supply gasoline engines and hybrid technology to the brands they own and other automakers, the two companies said in a statement.The joint-venture will employ 19,000 people at 17 powertrain factories and three research and development hubs, the companies said.The framework agreement…