VW

Source: Vincent Harmsen, Adriana Homolova, OneWorld

Automerken als Volkswagen kregen miljarden euro's om schonere auto's te bouwen. Maar waar werd het geld precies voor gebruikt? ''Deze leningen zijn verbonden aan het emissieschandaal.''

Source: Anca Gurzu, POLITICO Pro's Morning Energy

Non-government organization CEE Bankwatch is not happy with the amount of information the European Investment Bank has provided regarding its lending to the Volkswagen Group in recent years. Bankwatch wrote to the EIB at the end of September, asking the bank to disclose documents related to the “green loans” it provided to VW, wanting to see loan contracts or evidence that VW used the money according to the conditions of the contract.

Source: Anca Gurzu, Politico

The European Investment Bank said Monday it is working to find out if any of its loans to Volkswagen to boost research into cleaner engines and other green technology were instead used to rig cars to cheat on emissions tests.

“We are looking into our exposure, we are looking into seeing where the individual loans have been used,” said Jonathan Taylor, the bank’s vice-president.

Source: Anca Gurzu, Politico

The Volkswagen Group received more than €4 billion in loans from the European Investment Bank over the last decade, with much of the money going to research aimed at developing cleaner engines.

The world’s largest carmaker is embroiled in a global scandal after installing so-called defeat devices in 11 million of its diesel cars to cheat on emissions standards tests, a scandal that has cost the CEO his job, opened the company to a potential fine of $18 billion in the U.S., pummelled the stock price, and prompted investigations across Europe.