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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
Other links

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

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

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Data sheet
Summary sheet

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