Brussels, 13/02/2002 (Agence Europe) - On Wednesday, the European Commission decided to initiate a formal examination procedure regarding £17.4 million aid for Ford's Bridgend plant
The aid, which provides for investments of £243 million for the period 2001-2004, is to provide for the creation of a further capacity of 325,000 V6 and V8 engines a year. The British authorities point out that Ford is considering an alternative solution consisting in manufacturing V6 engines in Cleveland...