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Europe Daily Bulletin No. 9705

17 July 2008
Contents Publication in full By article 24 / 36
GENERAL NEWS / (eu) eu/state aid
Commission opens in-depth investigation into funding to Volvo Aero

Brussels, 16/07/2008 (Agence Europe) - On Wednesday 16 July, the European Commission opened an in-depth investigation into €39 million of public funding notified by Sweden for a research and development project lead by Volvo Aero Corporation. The project concerns components for GEnx, an engine developed by General Electric for aircraft such as Boeing's 787 and 747 models. Although the project was started in December 2004, aid was formally decided only in 2007, when the project was near its...

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