CIE Automotive secures EUR80 million loan from EIB to develop weight-reducing technologies
CIE Automotive to use EIB funding to support innovation at plants in Spain, France, and Portugal
The European Investment Bank (EIB) has provided CIE Automotive with a EUR80 million (USD93.7 million) loan under the “Investment Plan for Europe” to support the company’s efforts for developing technologies that reduce vehicle weight and ensure more efficient manufacturing processes, according to a company press release yesterday (24 July).
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