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Volkswagen May Join Peugeot in Tapping ECB Bank-Rescue Cash

Volkswagen AG and PSA Peugeot Citroen are among carmakers lining up to tap the cheap European Central Bank loans that are keeping the finance industry afloat.

Renault SA said it may also borrow from the ECB’s longer-term refinancing operation, which is open to financing units of Europe’s biggest auto companies because they have banking licenses. A total of 523 lenders borrowed 489 billion euros ($636 billion) of 1 percent three-year loans under the central bank program in December.