RENAULT TO RAISE EURO 400 MILLION FROM EIB TO DEVELOP ELECTRIC VEHICLES
January 1st, 2009
BY KEITH NUTHALL
RENAULT'S ambitious plans to develop and roll out electric vehicles worldwide are likely to be bankrolled by a Euro 400 million loan from the European Investment Bank (EIB). The money, said a bank memorandum, would fund around 40% of current Euro 1 billion Renault spending plans on develop electric vehicles and improving the environmental performance of conventional Renault vehicles. The EIB is the European Union's (EU) largest financial institution and with its backing of member states and other EU institutions, it is likely to be a crucial ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.