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WHITE HOUSE TOUTS $1 BILLION FUND TO HELP AUTO SUPPLIERS RETOOL FOR EVS

  • NEWS Desk Global
  • Sep 23, 2024
  • 1 min read


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Investment firm Monroe Capital LLC said on Monday it plans to launch a fresh fund of up to $1 billion to provide loans for smaller auto suppliers as the industry shifts from gasoline-powered to electric vehicles.

The White House said the fund would "facilitate access to lower cost capital for small- and medium-sized auto manufacturers to refinance, grow, and diversify their businesses" and noted that more than 250,000 people across the United States work for small- and medium-sized auto suppliers.

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