Press Release: State aid: Commission opens in-depth investigation into regional aid for Porsche in Leipzig

Author (Corporate)
Series Title
Series Details IP/12/769 (11.7.12)
Publication Date 11/07/2012
Content Type

The European Commission has opened an in-depth investigation to examine whether regional aid in favour of German car maker Porsche in Saxony is in line with EU state aid rules. Given the high market shares of Volkswagen-Porsche and the capacity increase brought about by the investment the Commission has to undertake an in-depth assessment of the aid.

The Commission will check whether the aid is necessary and proportionate to provide an incentive for the investment and whether its contribution to regional development outweighs the distortion of competition. The opening of an investigation gives interested third parties an opportunity to submit comments on the measures under examination. It does not prejudge the outcome of the investigation.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/769&format=HTML&aged=0&language=EN&guiLanguage=en
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