BRUSSELS ADMINISTERS COUP DE GRACE TO MOTHBALLED POLISH AUTO PARTS PRODUCER
May 1st, 2009
BY E. BLAKE BERRY
IT looks as though Buczek Automotive's fate is sealed. The firm, a Polish producer of pipes for the auto industry, has been little more than a husk since June of last year, and industry experts say there is now no hope that it will return to the market.
The latest blow fell earlier this month, when the European Commission announced that it was taking Poland to the European Court of Justice (ECJ) over a failure to repay "illegal state aid" originally paid by its government. The issue is complicated, to say the least.
According to ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.