Brussels, 07/06/2001 (Agence Europe) - The European Commission has decided the aid to research and development that the Italian authorities contemplated granting to Iveco SpA for the development of a new range of light vans was not compatible with the common market. The aid was not justified given the limited innovative character of the investment.
In November 1999, the Italian authorities had notified the Commission of their intention to grant aid worth EUR 16 million in nominal values...