A black limousine rounded the corner with a screech of tires.

Literal

Black-painted [attributive-の] limousine [subject-が] [mimetic-キー] [quotative-と] tire [attributive-の] sound [with-と共に] corner [object-を] turned.

Narrative description. ~と共に ('together with X') is a formal/written pattern for simultaneous accompaniment. 黒塗り ('black-painted') is a set term specifically associated with high-status cars (diplomatic limousines, yakuza cars, official vehicles). キー is the mimetic for a high-pitched screech/squeal. 角を曲がる ('turn a corner'), the standard collocation.