EU carmakers to press call for 40 bln euro EU loan

Newswire

BRUSSELS, Oct 29 (Reuters) - European carmakers will press their call for an EU loan of 40 billion euros ($50.98 billion) to help develop greener cars in a meeting with the bloc's executive on Wednesday, their industry association chief said. The European Automobile Manufacturers Association (ACEA) says the economic crisis and sliding consumer confidence has made it increasingly difficult to achieve EU targets to curb carbon dioxide emissions from cars by 18 percent by 2012. Asked on ...

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