Brussels, 17/07/2013 (Agence Europe) - The Commission has ruled out any risk of distortion to competition due to state aid of €24.2 million granted by France to the car component manufacturer, Valeo, for its research and development programme, “ESSENCYELE”. This project seeks to develop a new hybrid system for petrol-engined vehicles. The Commission reached its decision on Wednesday 17 July on the basis of their guidelines on aid for research, development and innovation. It concluded...