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Image header Agence Europe
Europe Daily Bulletin No. 8511
Contents Publication in full By article 35 / 50
GENERAL NEWS / (eu) eu/state aid

Inquiry into aid planned for De Tomaso

Brussels, 24/07/2003 (Agence Europe) - The European Commission has decided to initiate formal investigation proceedings concerning aid amounting to € 178 million that the Italian state intends to grant the car maker De Tomaso. In December 2002, Italy notified a regional aid project involving a € 219 million investment for building a new plant in Cutro (Calabria). The new plant would employ around 800 staff in 2009 to produce sport luxury cars and assemble an off-road vehicle produced by...

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