Renault Group (RNSDY.PK,RNSDF.PK,RNT.L), Geely Holding, Geely Automobile have officially created HORSE Powertrain Limited, headquartered in London, United Kingdom. Renault and Geely each has 50% stake in the new company. The respective operational entities of HORSE Powertrain, namely Horse and Aurobay, will be deconsolidated respectively from Renault Group and Geely.
Matias Giannini is appointed CEO of HORSE Powertrain limited. Lee Ma and Juan Ferrera are respectively appointed Chief Financial Officer and Chief Human Resources Officer.
HORSE Powertrain will design, develop, produce, and sell all hybrid and combustion powertrain solutions and systems with state-of-the-art technologies including engines, transmissions, hybrid systems and batteries.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.