An important step forward in the development of intelligent exhaust systems may have been signaled by a recent European Investment Bank (EIB) move to provide €60 million ($78 million) in financing to German exhaust system supplier Eberspacher GmbH. The EIB loan is part of a €200 million ($259 million) automotive components research program aimed at reducing vehicle emissions that is to be carried out at Eberspacher’s research center in Esslingen, Germany, near Stuttgart. The bank says ...

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