Release date: 30 March 2004
Promoter – Financial Intermediary
Volkswagen de Mexico S.A. de C.V.Location
Description
Extension of existing automobile production facilities.
Objectives
The project will enable the production of Jetta vehicles and of a new low emission engine.
Comments
Automobile industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Approx EUR 70 m.
Total cost (Approximate amount)
Approx EUR 790 m.
Environmental aspects
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.
Procurement
n.a.
Status
Signed - 7/10/2004
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).