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VOLKSWAGEN MEXICO

Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
Mexico : € 70,000,000
Industry : € 70,000,000
Signature date(s)
7/10/2004 : € 70,000,000
Link to source
Data sheet
VOLKSWAGEN MEXICO
Other links
Summary sheet
Volkswagen Mexico
Related press
EUR 70 million for Volkswagen de Mexico

Summary sheet

Release date
30 March 2004
Status
Reference
Signed | 07/10/2004
20030507
Project name
Promoter - financial intermediary
Volkswagen Mexico
Volkswagen de Mexico S.A. de C.V.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approx EUR 70 m.
Approx EUR 790 m.
Location
Sector(s)
Description
Objectives

Extension of existing automobile production facilities.

The project will enable the production of Jetta vehicles and of a new low emission engine.

Environmental aspects
Procurement

The investments in the new engine production line will enable the company to meet the most stringent emission requirements for vehicle engines (SULEV) in the U.S.The company will apply European and German environmental standards while complying with local Mexican requirements.

n.a.

Comments

Automobile industry.

Link to source
Summary sheet
Volkswagen Mexico
Other links
Data sheet
VOLKSWAGEN MEXICO
Related press
EUR 70 million for Volkswagen de Mexico

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).

News & Stories

Link to source
Related press
EUR 70 million for Volkswagen de Mexico
Other links
Data sheet
VOLKSWAGEN MEXICO
Summary sheet
Volkswagen Mexico

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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