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)
"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.