The European Commission scales back a request by the Spanish government to provide financial aid for Ford Motor Co.’s Valencia plant. The Commission says Spain overestimated the amount of aid it can provide to Ford and reduced the package from €15.74 million ($14.38 million) to €11.11 million ($10.15 million). The aid package was part of Ford’s plan to invest €334 million ($305 million) in the plant by 2003 to begin production of its new I-4 engine, which will power the next-generation ...
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