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    Reference: 20180010
    Release date: 12 April 2018

    Promoter – Financial Intermediary




    The project concerns the promoter's Research, Development, and Innovation (RDI) activities in the period 2018-2020.


    The project covers European RDI investments in light vehicle automotive interiors in Europe foreseen for innovation, development and industrialisation activities. The investments are mainly related to supporting the promoter's strategic activities of Industrial sustainability, Mobility of the future, Advanced manufacturing, Electronic functions and High-level integration concepts.


    Proposed EIB finance (Approximate amount)

    EUR 140 million

    Total cost (Approximate amount)

    EUR 217 million

    Environmental aspects

    R&D activities are not specifically mentioned under the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended) and are expected to be carried out in existing facilities without changing the already authorised scope. Therefore, it is very unlikely that any part of the project would require an Environmental Impact Assessment. The environmental details of the project will be reviewed during the project's appraisal.


    The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.


    Signed - 12/06/2018


    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).

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