FORD WELCOMES MAJOR EIB LOAN FOR UNLOCKING LOW CO2 EMISSIONS PROGRAMME
July 1st, 2010
BY KEITH NUTHALL
FORD UK has this morning welcomed the signing of contracts for a GBPounds GBP450 million loan from the European Investment Bank (EIB) it says will unlock five-years' investment in environment-friendly auto production. GBP 360 million of the loan will be guaranteed by the British government. Ford will combine the money with GBP1.01 billion from other sources, financing a major green vehicle development program at four key UK manufacturing centres: its research and development centre in Dunton, Essex, south-east England; engine plants at Dagenham, ...
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