(AFX UK Focus) 2008-10-29 17:40 UPDATE 3-EU backs car industry call for soft loans (Interactive Investor)

BRUSSELS, Oct 29 (Reuters) - EU Industry Commissioner Guenter Verheugen has backed a call by Europe's carmakers for soft loans to help develop cars which meet toughening European Union CO2 emissions targets. The European Automobile Manufacturers Association (ACEA) wants a 40 billion euros ($51 billion) soft loans package to help it develop EU-required green technologies. "Loan subsidies could be ...