EU Mulls Soft Loans For Car Makers

Law360, New York (November 5, 2008, 12:00 AM EST) -- European countries are reportedly considering giving low-interest loans to car manufacturers in order to encourage the development of cleaner cars as Europe moves toward stricter emissions rules.

French finance minister Christine Lagarde announced the plan on Tuesday, but did not give a specific estimate about how much governments might lend, the Associated Press reported.

LaGarde, who led talks between European finance ministers earlier this month, said that the ministers have asked the European Investment Bank, the EU's long-term lending institution, for a plan by next month...
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