The European Investment Bank (EIB) will loan Ford 400 million euros for the company’s vehicle and engine plant in Craiova. EIB announced the agreement on Tuesday in a press statement. The car company will also benefit a credit worth of 200 million euros for their plant in Germany.
The money was allocated to help design and build cleaner vehicles with lower emissions. The deal is part of the EIB's European Clean Transport Facility (ECTF). DAF, medium and heavy-duty commercial vehicles designer and manufacturer, is another company who was lended with 150 million euros by EIB on Tuesday.