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9/19/20

EIB ups financing for Fiat Chrysler's electric vehicles to $949 million

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The European Investment Bank (EIB) has increased to almost 800 million euros ($949 million) its funding to Fiat Chrysler Automobiles (FCA) to support production of electric and hybrid vehicles, they said in a joint statement. Investments to manufacture battery electric vehicles and plug-in hybrid electric vehicles will be mainly directed at FCA plants located in southern Italy, supporting employment and compliance with the strictest environmental criteria. To improve capacity utilisa

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EIB ups financing for Fiat Chrysler's electric vehicles to $949 million originally appeared on Autoblog on Sat, 19 Sep 2020 08:27:00 EDT. Please see our terms for use of feeds.

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