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  • Published: Nov 24th, 2009
  • Category: Europe
  • Comments: 2

Brussels authorises loan to Ford Romania to build low-Co2 engine

| Sourced From Visitbulgaria.info |

The European Commission paved the way Friday for Ford Romania SA to access a loan from the European Investment Bank (EIB), which will help finance the development of a low-emissions engine at its Craiova plant. The EIB is lending a total of 600 million euros (896 million dollars) to Ford Europe for the project, of which 200 million euros will go to Ford Werke GmbH in Germany and 400 million euros to Ford Romania.

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