Tuesday, March 15, 2011

Fiat 250 mln loan from European Bank

The European Investment Bank has granted to the Fiat a loan of 250 million euro under the ECTF (European clean transport facility), which includes funding for those manufacturers that show that there are plans to reduce CO2 pollution. Houses have already been put to work, because in 2015 will come into force a provision of Community, which provides the average amount of carbon dioxide emitted by cars in the price list does not exceed 130 g / km.

But the Lingotto wants to do even better and reach 122/123 g / km in 2015 and 95 g / km in 2020. The Turin-based company, in fact, is already leading in Europe in terms of emissions, as early as 2010 models in price recorded an average level of CO2 equivalent to 123.1 g / km The funded project, says in particular, "is the research and development of Fiat SpA in Italy and is targeted to increased energy efficiency is by reducing carbon dioxide emissions of the engines is through the study of new structures of the cars." In detail, thanks to this loan, Fiat will continue research on the development of gas engines and those of hybrids.

This funding comes at 2 years after that of 2009, which was € 400 million granted by Brussels with the same objective.

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