Daily Times - Leading News Resource of Pakistan - European carmakers seek $54bn in loans for green vehicles
PARIS: European carmakers are seeking $54 billion in aid to develop green technologies, the European Automobile Manufacturers’ Association (ACEA) said Monday.
The loan request mirrors the one the US car industry made to Congress which last week voted a $25 billion package to help Ford, General Motors and Chrysler adapt to new emissions regulations.
The money will be used to retool and adapt factories to make smaller, more fuel-efficient cars.
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