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Image header Agence Europe
Europe Daily Bulletin No. 10025
Contents Publication in full By article 21 / 33
GENERAL NEWS / (eu) eu/industry

Commission hopes to avoid subsidy race for Opel

Brussels, 23/11/2009 (Agence Europe) - On Monday 23 November, European Commissioners Günter Verheugen (Industry), Neelie Kroes (Competition) and Vladimir Špidla (Employment) and the European ministers with responsibility the automotive sector of the countries with Opel manufacturing sites reaffirmed the need for European coordination of the General Motors (GM) dossier. At their meeting with Nick Reilly, representative of GM, they sought clarifications on the intentions of the American car builder and those of the EU governments in question. GM, which has finally decided not to sell Opel, has not yet presented a viable restructuring plan. "Any financial support by one or more member states should be based strictly on objective and economic criteria, and not include non-commercial conditions concerning the location of investments and/or the geographic distribution of restructuring measures. This is essential to avoid subsidy races between member states and the fragmentation of the single market", the Commission stated in the press release. Talks will continue at the Competitiveness Council (Thursday 3 December) and no formal commitment will be taken by the member states until GM's restructuring plan has been presented. (A.B./transl.fl)

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