PARIS – The European Investment Bank (EIB) has drawn up plans to lend Continental AG €40 million ($52 million) to build and operate a new manufacturing plant for passenger-vehicle tires at Camacari, Bahia state, Brazil. The bank wants to boost Continental's presence in the world’s tire markets and improve its global competitiveness, "while transferring state-of-the-art technology to Brazil and promoting economic growth in the country," an EIB statement says. The total cost of the project ...
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