EIB provides €300m to PSA Peugeot Citroën to fund new low carbon technologies
The financing will be used by the group for the programme to comply with Euro 6.2 emission standards applicable as from 2017.
‘I am very happy to be signing this financing agreement with PSA Peugeot Citroën today,’ said Philippe de Fontaine Vive, vice-president of the EIB. ‘This EIB loan perfectly illustrates Europe's commitment to innovation, sustainable development, and its citizens, who will benefit most from this major project. It also gives French industry a competitive edge. By securing this financing, we are supporting renewed growth in France.’
‘Our Group is leading the way in low carbon technologies,’ said Jean-Baptiste de Chatillon, PSA Peugeot Citroën’s executive vice president, finance and a member of the Management Board, ‘and this loan will allow us to maintain our advance.’
Natalie Middleton
Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
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