The European Commission has backed the idea of offering car manufacturers €40 billion in low-interest loans to ease the transition to greener technologies amidst the ongoing economic crisis.
After meeting with European auto sector executives, including France's Peugeot-Citroen and Germany's Daimler on Wednesday (29 October), industry commissioner Guenter Verheugen said he believed loans requested by the industry could be provided via the European Investment Bank to help the companies de...
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