LONDON – The European Investment Bank is drawing up plans to lend €250 million ($291 million) to a U.K. auto maker for the design and development of two car models, together with the refitting of existing production facilities and the necessary supplier tooling. Based in Luxembourg, the EIB is the European Union’s long-term finance arm, with a specific remit of funding projects that help rejuvenate depressed economies and regions. The bank declines to provide further details ...
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