The money, to be invested at the company’s plants in Germany and France, will pay for research to lower emissions from agricultural equipment. The loan is part of the European Investment Bank’s broader financial support for innovation and to promote long-term investment in low emission and fuel-efficient engine technology across the European transport and engine sector.
“Designing new models of low-emission engines and more fuel-efficient agricultural vehicles will also develop new skills and innovation among employees across the company’s European operations,” said European Investment Bank Vice President Matthias Kollatz-Ahnen. “The bank is pleased to support cutting-edge research and development at John Deere plants in Mannheim and Zweibruecken, Germany, as well as Saran, France.”
Research and development activities covered by the loan form part of John Deere’s innovation programme from 2009-2012.
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