European Commission backs loans for carmakers
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(AFX UK Focus) 2008-10-29 16:41 UPDATE 2-EU backs car industry call for soft loans for R&D- The European Commission on Wednesday backed a call by Europe’s carmakers for 40 billion euros ($50.98 billion) in soft loans to help develop cars which meet toughening European Union CO2 emissions targets. “Loan subsidies could be provided via the European Investment Bank,” EU Industry Commissioner Guenter Verheugen said after meeting auto industry chief executives .
European Commission backs loans for carmakersThe European Commission on Wednesday backed a call by the region’s carmakers for 40 billion in low-interest loans to help develop cars which meet toughening European Union carbon dioxide emissions targets.
