Future Outlook of Petrol and Diesel Cars: Insights from Saudi Aramco

Tuesday, 9 July 2024, 21:00

Saudi Aramco, a major player in the oil industry, has expressed confidence in the longevity of petrol and diesel cars. The company recently acquired a 10% stake in Horse Powertrain, a prominent car engine manufacturer. This partnership, initiated by Chinese automaker Geely and France's Renault, indicates a continued reliance on traditional combustion engine vehicles.
Daily Mail
Future Outlook of Petrol and Diesel Cars: Insights from Saudi Aramco

Future of Petrol and Diesel Cars

Saudi Aramco, a key oil industry player, affirms the continued relevance of petrol and diesel cars for the foreseeable future.

Partnership with Horse Powertrain

  • Saudi Aramco acquired a 10% stake in the Horse Powertrain company.
  • This company is a joint venture between Geely and Renault.

This collaboration highlights the ongoing dominance of traditional combustion engine vehicles in the automotive sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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