Fiat Industrial receives €350mn EIB R&D loan

Fiat Industrial (FI) has been given a US$439.9million (€350mn) loan from the European Investment Bank (EIB) to support its research and development work for its industrial, commercial and agricultural vehicles. Powertrain technologies, new emission standard components, and innovative vehicle architecture with a focus on safety are among the areas of current FI R&D.
July 16, 2012 Read time: 2 mins
RSS2729 Fiat Industrial (FI) has been given a US$439.9million (€350mn) loan from the 1054 European Investment Bank (EIB) to support its research and development work for its industrial, commercial and agricultural vehicles.

Powertrain technologies, new emission standard components, and innovative vehicle architecture with a focus on safety are among the areas of current FI R&D.

The loan comes as the 2465 European Commission is in the process of promoting the design and application of less polluting and more efficient technologies in the engineering and transport sectors.

“At this stage in the global and European economic cycle, investment in innovation is essential to be able to look beyond the crisis and lay the foundations for recovery,” said EIB vice president Dario Scannapieco. “The projects financed by this loan reflect the commitment of Fiat Industrial and the European Union’s bank to supporting all programmes that combine research with environmental responsibility.”

Sergio Marchionne, FI chairman, said: “This project bears concrete witness to our commitment to seeking high-tech solutions that respect sustainable development.”  

FI has also announced plans to create a new holding company by merging with 1595 CNH, which it already has a controlling 88% stake in. CNH markets construction equipment through the 5895 New Holland and 176 Case brands.

For more information on companies in this article

Related Content

  • EQAR calls for a European-wide recycling plan
    October 13, 2016
    A European-wide construction material recycling strategy should be put in place as soon as possible, according to the European Quality Association for Recycling. EQAR made the call during its annual Congress in the Slovakian capital Bratislava, Slovakia, and on the occasion of its 10th anniversary. In his inaugural address, EQAR president Manfred Wierichs said that recycling of construction material differs greatly among European Union states. This is the case even though construction material recycli
    Read More
  • LiuGong discusses manufacturing upgrades with Chinese premier
    September 1, 2017
    LiuGong chairman Zeng Guang’an was recently invited to discuss manufacturing upgrades and economic restructuring with Chinese premier Li Keqiang. This came when the Chinese premier Li Keqiang presided over a government meeting on manufacturing upgrades and economic restructuring in Beijing, according to China’s official Xinhua News Agency.
    Read More
  • Pay attention to The Ray, urges WheelRight’s John Catling
    July 17, 2017
    Development of the connected and sustainable highways is moving quickly in the US and the Far East but progress in Europe is much less impressive. One example of a connected highway that offers an interesting model for European transport planners and policymakers is The Ray, a 29km stretch of Interstate 85 in the state of Georgia. Originally established by a charitable foundation, The Ray offers an inspiring vision of a sustainable highway, even for the near future. Drivers crossing the state line from Ala
    Read More
  • A vision of roads
    September 3, 2012
    By 2040 European roads could be built differently, and hopefully be safer, according to the EU research programme NR2C
    Read More

Highlighted Content