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MAN receives funding for development of environmentally friendly engines

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MUNICH (Dow Jones) – With the costly development environmentally-friendly engines for trucks and buses replaced the commercial vehicle and mechanical engineers MAN HE financial support from the EU. The European Investment Bank (EIB), based in Luxembourg grant a loan of the Munich EUR 300 million, as the DAX Group announced on Friday. The loan is part of a Financing Program of the EU to the exhaust gases and energy consumption in Europe To reduce traffic. In addition to cleaner engines MAN wants with the money also systems for heat and energy recovery to the Market and bring further example, the hybrid drive. MAN has budgeted for a total of more than 600 million euros.