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Europe Daily Bulletin No. 8511

25 July 2003
Contents Publication in full By article 34 / 50
GENERAL NEWS / (eu) eu/state aid
Commission approves proposed aid to VW Mechatronic in Saxony

Brussels, 24/07/2003 (Agence Europe) - On Wednesday the European Commission announced that it had no objections to Germany granting aid amounting to € 84 million to the company VW Mechatronic GmbH & Co KG (joint venture of Siemens VDO Automotive and Volkswagen). This aid is destined to finance the construction of a new plant for the production of injection systems for diesel engines. The project will be located in the East German region of Saxony. The project is expected to create some 705...

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