The European Investment Bank is granting Ford of Britain a £450 million ($683 million) loan the auto maker says will be used over the next five years for the development and production of engines and vehicles in the U.K. that improve fuel efficiency and reduce emissions. The British government is guaranteeing £360 million ($546 million) of the total loan. Ford plans to combine the EIB money with £1 billion ($1.5 billion) from other sources to finance its ambitious low-carbon project to ...
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