JUST AUTO
April 1st, 2002
From Alan OsbornThe European Commission has opened a formal State aid investigationprocedure into a decision by the German government to give financialassistance to BMW for the construction of a new car plant in Leipzig. Totalinvestment in the factory is around 1.2 billion euros (about pounds 720million) of which some 418.6 million euros (pounds 250 million) is coveredby the planned aid.The Commission said it had doubts both over the level of aid and as towhether Leipzig qualified for it. In effect it has asked Germany to showwhy Leipzig suffered from a ...
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