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EU bank grants $1.2 billion in loans for clean cars
The European Investment Bank, backed by European Union member states, approved 866 million euros ($1.2 billion) more in loan money to the auto industry on Tuesday.
The loans are specifically directed to "help design and build cleaner cars with lower carbon dioxide emissions," according to an EIB statement.
The package includes 400 million euros ($531 million) to Nissan's European division for the purpose of developing and building more fuel-efficient vehicles in Britain and Spain. Jaguar Land Rover was approved for a loan of 340 million pounds ($499 million) from the EIB to "to help cut … Read more
