In line with the European Union’s push for a green transition, Volvo Car Corporation and the EIB have signed a €420 million financing agreement in support of the Swedish carmaker’s decision to become fully electric and carbon neutral. The operation is expected to contribute to the decarbonisation of road transport, a major source of emissions and pollution globally.
  • Riddick3001@lemmy.worldOPEnglish
    4·
    10 months ago

    According to their own webpage, Volvo Cars is owned by Geely Auto which is the primary car marque of Chinese group Geely-Auto.

    Why is EIB instead of a Chinese Bank, giving them a loan?

    • ebikefolder@feddit.deEnglish
      1·
      10 months ago

      Volvo Cars is owned by Geely Auto which is the primary car marque of Chinese group

      It’s about time for a rule that brand names can’t be traded. It gets so confusing and frustrating for customers.