European Investment Bank Approves Loans Of $1 Billion to Produce Fuel-Efficient Cars

摘要

Brussels-As part of an overall plan to help the European car industry, the European Investment Bank approved April 7 more than $1 billion in loans to three leading automobile manufacturers for the production of fuel-efficient vehicles.rnWith the latest data from the Association of European Automobile Manufacturers showing that auto sales in Europe continue to plunge, the EIB offered about $500 million to Nissan and its operations in Spain and the United Kingdom, as well as $400 million to the British operations of Jaguar-Land Rover. Volkswagen received about $200 million for the production of clean cars in India.