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MERCEDES BENZ CARS R&D SUST MOBILITY

Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Germany : € 400,000,000
Industry : € 400,000,000
Signature date(s)
2/07/2010 : € 400,000,000
Link to source
Data sheet
MERCEDES BENZ CARS R&D SUST MOBILITY
Other links
Summary sheet
Mercedes Benz Cars R&D Sust Mobility

Summary sheet

Release date
16 March 2010
Status
Reference
Signed | 02/07/2010
20090518
Project name
Promoter - financial intermediary
Mercedes Benz Cars R&D Sust Mobility

Daimler AG

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 400 million.
EUR 1 700 million.
Location
Sector(s)
Description
Objectives

R&D activities with the aim of optimising fuel efficiency and lowering carbon dioxide emissions of motor vehicles and the development of electric vehicles.

The project concerns (i) the development of electric power trains (including batteries) in the form of hybrids / plug-in hybrids, with extended driving range, as well as (ii) the development of electric vehicles powered by battery or fuel cell. The project is a prerequisite for the implementation of the promoter’s roadmap towards vehicles with lower carbon emissions.

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized and would therefore not require an Environmental Impact Assessment (EIA) under Annex II of the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC.

Procurement is expected to be in line with the EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Comments

Loan foreseen under the European Clean Transport Facility (ECTF).

Link to source
Summary sheet
Mercedes Benz Cars R&D Sust Mobility
Other links
Data sheet
MERCEDES BENZ CARS R&D SUST MOBILITY

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).

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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