EIB to give 400 mln euros loan to Ford plant in Craiova

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The European Investment Bank (EIB) approved on Tuesday a loan for American Ford Co., in the value of 400 million euros, for the construction and start-up of a Craiova-based plant to make cars and engines, EIB informs in a release.

At the same time, the European Bank for Reconstruction and Development (EBRD) will grant, in its turn, a loan in the value of 200 million euros to the American carmaker for activities of research and development at its plant in Germany.

Tuesday as well, EIB granted a 150 million euros loan to Dutch company DAF Trucks for a research and development project. With these amounts the value of EIB loans to the European auto industry reaches 5.2 billion dollars since December 2008 till now.

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