عربي English Türkçe اردو فارسى
Logo
Latest News
Technology

Geely, Renault to Develop Gasoline Engines, Hybrid Tech

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
TT
20
TT

Geely, Renault to Develop Gasoline Engines, Hybrid Tech

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo

China's Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7 billion euros ($7.71 billion) in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles.
The JV is aimed at manufacturing more efficient internal combustion engines and hybrid systems at a time when the focus of much of the automobile industry has been on the capital-intensive transition to purely electric vehicles.
"We are pleased to be embarking on this journey to become a global leader in hybrid technologies, providing low-emission solutions for automakers around the world," said Eric Li, Geely Holding Group chairman.
The new company will employ 19,000 people at 17 engine plants and five research and development hubs, Renault said.
At launch, it is expected to supply to multiple industrial customers including Volvo, Proton, Nissan, Mitsubishi Motors, and PUNCH Torino, Reuters reported.
The JV aims to have an annual production capacity of up to five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault added.
Reuters reported in March that the new venture will see 15 billion euros ($16.53 billion) in annual revenue.

Most Viewed

 
Technology

Meta’s Content Moderation Contractor to Cut 2,000 Jobs in Barcelona

The logo of Meta is seen at the entrance of the company's temporary stand ahead of the World Economic Forum (WEF) in Davos, Switzerland January 18, 2025. (Reuters)
The logo of Meta is seen at the entrance of the company's temporary stand ahead of the World Economic Forum (WEF) in Davos, Switzerland January 18, 2025. (Reuters)
TT
20
TT

Meta’s Content Moderation Contractor to Cut 2,000 Jobs in Barcelona

The logo of Meta is seen at the entrance of the company's temporary stand ahead of the World Economic Forum (WEF) in Davos, Switzerland January 18, 2025. (Reuters)
The logo of Meta is seen at the entrance of the company's temporary stand ahead of the World Economic Forum (WEF) in Davos, Switzerland January 18, 2025. (Reuters)

Canadian-based tech company Telus sent home as many as 2,000 people from its content moderation center in Barcelona after Facebook owner Meta Platforms severed its contract, local unions CCOO and UGT said.

The company - operating locally as CCC Barcelona Digital Services - emailed its workers on Thursday placing them on gardening leave saying a client warned on April 1 it would suspended services.

The email, which Reuters had access to, did not specify who the client was, but UGT and CCOO said Telus' client was Meta.

One former and one current employee, who requested anonymity as they signed non-disclosure agreements, said the team was moderating content for Meta.

"Our clients are diversifying their presence and transferring their services to other locations," Telus said, adding the contract continued. The company will provide support to all the affected team members during negotiations with the unions.

A Meta spokesperson said the company has moved the services that were being performed from Barcelona to other locations and the company is not reducing its content review efforts.

Meta invested billions and hired thousands of content moderators globally over the years to police sensitive content, but in January it scrapped its US fact-checking program, following the election of President Donald Trump.

It also said it will stop proactively scanning for hate speech and other types of rule-breaking, reviewing such posts only in response to user reports.

Employees were placed on leave, with full salaries but no work to carry out, while Telus negotiates severance with unions, the email sent to workers said.

The company suspended its operations at noon on Thursday and asked employees at work to leave the office, located in Barcelona's landmark Glories tower downtown.

The team in Barcelona included content moderation services in Catalan, Dutch, French, Hebrew, Portuguese and Spanish, according to the former employee.

Other content moderation centers in countries such as Bulgaria, Colombia and Portugal that used to collaborate with the staff in Barcelona, the current employee said, although a Telus spokesperson said some of these centers are run by other companies.