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19 Jul
16:35

EBRD supports Ford Otosan electric vehicle production

The European Bank for Reconstruction and Development (EBRD) is providing a €650 million ($765m) loan to Ford Otosan to support production of all-electric and plug-in hybrid variants of one-tonne commercial vehicles for the European market. The financing, shared by the EBRD and commercial lenders, is part of the bank’s drive to fund the green transition and supports Ford’s aim of leading the electrification of the automotive industry…
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