Last Updated January 26, 2010
€400mn loan will allow Ford Romania to expand assembly plant.
The European Investment Bank (EIB) is lending €400mn to Ford Romania so the car company can expand its assembly plant in the southwest of Romania.
The loan will let Ford Romania buy the necessary tools to produce a new B-segment vehicle and another new model scheduled to be launched soon. The funds will also help to introduce the production of a new petrol engine with low fuel consumption.
The Republic of Romania is providing a state guarantee for 80% of the loan.
Last year, EIB loans to the automotive sector totalled €8.2bn.
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