The European Commission launches an investigation into economic aid packages given to Adam Opel AG and BMW AG by the Portuguese and Germany governments. The Commission contends the aid packages may violate the framework for state aid to the motor vehicle industry. Commissioners want to know if the German government’s plan to grant €418.6 million ($368.5 million) in aid for development of BMW’s new plant in Leipzig, Germany, exceeds regional limits. BMW plans to invest a total of €1.2 ...
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