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 ...

Premium Content (PAID Subscription Required)

"European Commission Approves State Aid for VW, Siemens Venture" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.