TITLE

European auto suppliers seek EU financial support

AUTHOR(S)
Bongard, Arjen
PUB. DATE
February 2009
SOURCE
Rubber & Plastics News;2/23/2009, Vol. 38 Issue 15, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36840305

 

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