Release date: 6 March 2007
Promoter – Financial Intermediary
Volkswagen Automotive GroupLocation
Description
The design, development and manufacturing launch of two new passenger cars in the promoter's existing R&D centres and manufacturing plants.
Objectives
Extension of the promoter''s product range to meet evolving market requirements.
Comments
Automotive Manufacturing
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 390 million.
Total cost (Approximate amount)
EUR 1.4 billion.
Environmental aspects
Compliance with EU environmental directives and national laws will be ensured.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 15/02/2008
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).