Iveco gets €500m loan from EIB to develop electric drivetrains
A large portion of the EIB’s loan will be used for Iveco’s Turin plant, where it builds electric powertrains /Iveco
The Iveco Group has been granted a 500 million euro loan from the European Investment Bank to allow the Italian truck and bus maker to invest in the electrification of its products and to work toward solutions for autonomous driving. Most of the investment will go to Iveco's Turin and Foggia plants.
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