Release date: 21 September 2018
Promoter – Financial Intermediary
FIAT CHRYSLER AUTOMOBILES NVLocation
Description
The project concerns the promoter's Research and Development (R&D) activities in the 2018-2020 period for the development of: (i) a scalable autonomous driving platform; (ii) electrification technology solutions for micro-hybrid, mild-hybrid, full-hybrid, plug-in hybrid electric and battery electric vehicles; (iii) vehicle connectivity technologies to improve safety, security, user navigation and infotainment on-board; and (iv) digitalisation technologies for the deployment in manufacturing processes, including employee training and skill development.
Objectives
The project concerns innovative research, development in the field of very low and zero-carbon emission powertrain technologies as well as advanced driving assistance and connectivity technologies contributing to enhancing the safety characteristics of vehicles.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 420 million
Total cost (Approximate amount)
EUR 859 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The results of this R&D project are expected to reduce the environmental impact of vehicles over their entire life cycles. During the project appraisal, the Bank's services will review all environmental details of the project.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/24/EU or 2004/18/EC where applicable, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU or 2004/18/EC where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 27/06/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).