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

  • Europe’s COVID escape route
    April 2, 2021
    The European Union’s COVID recovery budget and its NextGenerationEU programme are major opportunities for national, regional and local road authorities, says Jose Diez*.
    Read More
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • TRA conference well on track
    March 22, 2012
    The coming TRA 2012 transport event in Athens is now gathering momentum. The event will benefit from the strength of its organising body.
    Read More
  • CNH Q2 2013 construction equipment sales down 6%
    August 14, 2013
    CNH recorded a 6% drop in its construction equipment sales revenue to US$939 million in the second quarter of 2013, compared to $1.001 billion sales revenue over the same period of 2012. Operating profit from the Group’s construction equipment sales was $12 million in Q2 2013, down 29% from the $17 million achieved in Q2 2012 as CNH continued to match production levels to retail demand, while also deploying production efficiency initiatives and improved price recovery.
    Read More

Highlighted Content