Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/09/1631 (29.10.09) |
Publication Date | 29/10/2009 |
Content Type | News |
The European Commission opened a formal investigation under EC Treaty state aid rules into Hungarian aid for an investment project of Audi Hungaria Motor Kft. In its existing plant in Győr. Hungary intends to subsidise the installation of new high-tech engine production lines for new generation engines and engine components for a wide range of passenger car models of the Volkswagen-Porsche Group. At this stage, the Commission's preliminary view was that the market shares of the Volkswagen-Porsche Group exceed the limits established by the Commission's regional aid guidelines, and in particular the thresholds of the rules for large investment projects. The opening of an in-depth investigation gives interested third parties the possibility to comment on the proposed measure. It does not prejudge the outcome of the procedure. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1631&format=HTML&aged=0&language=EN&guiLanguage=en |
Subject Categories | Internal Markets |
Countries / Regions | Hungary |