Brussels, 03/04/2002 (Agence Europe) - On Wednesday, the European Commission decided to open formal investigation procedure against aid that the German authorities are proposing to grant to BMW for a new car plant.
Last December, the German authorities notified regional aid to investment granted to BMW AG in favour of a new car plant in Leipzig. The amount of the investment is around EUR 1.2 billion. Germany plans to grant aid of EUR 418.6 million, that is, aid intensity of 34.7%. The...