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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

    Link to source
    Other links
    Data sheet
    Summary sheet

    General enquiries and comments

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    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.

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