PARIS -- Renault Group said it has reached an agreement with the engineering company Punch Torino on Renault’s 4-cylinder diesel engines for light-commercial vans.
Under the deal, Punch will be able to use and sell current and future versions of the engines, and will help certify them to meet the coming Euro 7 pollution standards, expected to be adopted in July 2025, the companies said Tuesday.
Renault said the agreement will be part of its new Horse joint venture with Geely to develop and sell internal-combustion engines. The new company expects to build up to five million gasoline and diesel engines a year, for use in Renault Group brands including Renault and Dacia, and Geely brands such as Volvo and Lynk & CO.