Volvo: EUR 400 million loan from the European Investment Bank. New ecological engines arriving
Volvo has announced that it has received from the European Investment Bank (EIB), the final confirmation on a loan of 400 million euro. European funds, which must be returned within seven years, will help the Swedish company to maintain current employment levels at home and investments.
More precisely, the sum will finance the upgrading of Göteborg and Skövde to develop and produce a new generation of engines and other technologies with clear features eco-friendly "(as he calls the house), which will help reduce the current Average CO2 emissions in the range.
