EU Automobile Inbdustry: EIB ups financing for Fiat Chrysler's electric vehicles to 800 million euros

The European Investment Bank (EIB) has increased to almost 800 million euros ($949 million) its funding to Fiat Chrysler Automobiles (FCA) FCHA.MI 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.

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EIB ups financing for Fiat Chrysler's electric vehicles to 800 million euros | Reuters