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Image header Agence Europe
Europe Daily Bulletin No. 10653
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Investigation into aid for Porsche

Brussels, 11/07/2012 (Agence Europe) - On Wednesday 11 July 2012, the European Commission opened an in-depth investigation to examine whether regional aid in favour of German car maker Porsche in Saxony is in line with EU state aid rules. Given the high market shares of Volkswagen-Porsche and the capacity increase brought about by the investment, the Commission has to undertake an in-depth assessment of the aid. The Commission will check whether the aid is necessary and proportionate to...

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