EIB RELEASES ANOTHER TRANCHE OF MONEY FOR EUROPEAN AUTO MAKERS
April 1st, 2009
BY KEITH NUTHALL
EUROPE'S auto sector has today been promised another cash injection from the European Investment Bank (EIB), which has emerged as the European Union's (EU) key weapon to help the sector stave off the recession.
The EU-run financing institution's board of directors today (Tuesday) approved loans to Europe-based car makers worth Euro 866 million to help them design and build cleaner cars with lower CO2 emissions. This money includes Euro 400 million to help Nissan's European operations to develop and build more fuel-efficient vehicles in Britain ...
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