KENT, U.K. – The European Commission has approved $100 million in German state aid for a joint-venture plant to be built by Volkswagen AG and Siemens VDO Automotive. The plant, to be located in the eastern German region of Saxony, will produce fuel-injection systems for automobile diesel engines. The new company, called VW Mechatronic AG, is investing a total of $300 million in the project, which it says will create 705 jobs. Under EU rules, state aid provided for the auto ...
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