BRUSSELS, Oct 29 (Reuters) - The European Investment Bank could help the car industry with loans to develop greener cars and meet EU targets, EU Industry Commissioner Guenter Verheugen said on Wednesday.
"We have to make sure the extra effort they must make to have lower emissions is not settled through subsidies but that it should be possible for them to have proper access to credit," Verheugen told a news conference.
"Loan subsidies could be provided via the European Investent Bank," he said.
The head of European Automobile Manufacturers Association (ACEA) Christian Streiff told the news conference the industry needed low-interest loans of 40 billion euros ($50.98 billion) to help develop greener cars. (Writing by Ingrid Melander; Editing by David Brunnstrom)