European auto suppliers seek EU financial support

Bongard, Arjen
February 2009
Rubber & Plastics News;2/23/2009, Vol. 38 Issue 15, p7
Trade Publication
The article reports that Automotive suppliers in Europe are seeking nearly $13 billion in loans from the European Investment Bank (EIB) to help them cope with a growing cash shortage. The EIB is an independent bank owned and operated by the European Union, and lends money in support of EU policy objectives. Supplier company executives have been discussing the establishment by the EIB of a new lending vehicle that will specifically aid small and mid-sized suppliers.


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