EU Investigates Hungarian State Aid for Audi

Newswire

BUDAPEST, July 9 (Reuters) - The European Commission has started an in-depth probe into state aid granted in Hungary to German carmaker Audi to see whether it met EU rules, the Commission said on Wednesday. The EU executive said Hungary planned to grant 133.3 million euros ($181.8 million) of state aid to Audi related to a 1.2 billion euro investment project in the town of Gyor, in western Hungary. The Commission said it had concerns the aid could harm competition. "Given the size of ...

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