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Europe Daily Bulletin No. 10004

23 October 2009
Contents Publication in full By article 30 / 35
GENERAL NEWS / (eu) eu/eib
Further loans for car industry

Brussels, 22/10/2009 (Agence Europe) - On Wednesday 21 October, the European Investment Bank granted loans worth €600 million to car manufacturers Saab Automobile AB and Renault. €400 million went to Saab to help fund research and development activities for the improvement of fuel efficiency and safety. This loan removes any doubt over the purchase of Saab, which has been put up for sale by its owner General Motors, by the Koenigsegg Group, with the sale expected to go through at the end...

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GENERAL NEWS