GESTAMP DEVELOPS INNOVATIVE NEW AUTOMOBILE MATERIALS AFTER MAJOR EIB LOAN
July 1st, 2016
GESTAMP, a Spanish multinational specializing in metal vehicle components, is researching ways to make lighter and safer cars after acquiring funding from the European Investment Bank (EIB).
“The project activities aim at further reducing vehicle weight (contributing to lower fuel consumption and emissions) [and] improving vehicle safety, while enhancing manufacturing productivity and reducing average production cost,” a Gestamp spokesperson told wardsauto.
The EIB is loaning Gestamp EUR160 million (USD176 million) following the signing of the loan by EIB ...
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