GERMANY – The European Investment Bank (EIB) draws up plans to lend three major German auto and components makers millions of euros to expand capacity. If the proposal gains final approval, Volkswagen AG and Siemens VDO Automotive would be the recipients of €105 million ($132 million) in funding to set up and operate a plant for fuel-injection system components. The facility would be established at a greenfield site at Stollberg, Saxony, in Eastern Germany and would be owned ...

Premium Content (PAID Subscription Required)

"European Banks to Loan Millions for Automotive Plants" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.