UPDATE 1-Sweden guarantees EIB loan to Geely's Volvo Cars

Newswire

* Sweden guarantees $521 million loan for Volvo Cars * Investments to make cars more environmentally friendly * Volvo was bought by China's Geely from Ford (Adds Volvo Cars quote) STOCKHOLM, Dec 22 (Reuters) - Sweden decided on Wednesday to give a state guarantee for a loan worth 3.55 billion crowns ($521 million) to Volvo Cars, owned by China's Zhejiang Geely Holding Corp, from the European Investment Bank. The government said in a statement that the EIB loan was aimed at helping ...

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