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AddEuropean Investment Bank approves $1.14 billion for Jaguar and Nissan

The European Investment Bank has approved €866 million ($1.14 billion U.S.) in loans to automakers to fund the development of greener cars. Two thirds of the funds for the new loans come from the European Economic Recovery Package and are targeted at helping to significantly cut greenhouse gas emissions from transportation. Of the total awarded last week, €400 million will go to Nissan's European operations for the development and manufacturing of more efficient vehicles at the company

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