/ Ford, News / EU Antitrust Regulators Investigate Spanish Grant for Ford

EU Antitrust Regulators Investigate Spanish Grant for Ford

Linked In Share
EU Antitrust Regulators Investigate Spanish Grant for Ford

EU antitrust regulators opened an investigation to find out if the 25.2-million-euro grant offered by Spanish authorities to Ford’s van plant in Valencia breached EU state aid rules.

“We firmly believe that our state aid request for the Ford Transit Connect is line with EU law,” Adrian Schmitz, a spokesman for Ford of Europe, said in e-mail. “We will work with the Spanish government and the EU Commission to clarify the situation.”

Ford plans to manufacture a new model of its Transit Connect at the Valencia plant and the estimated costs would be around 419 million euro. Last year the Spanish authorities informed the European Commission about the grant it offered to the US automaker. The EU antitrust regulators said that the grant might have exceeded the 5% increase in production capacity authorized by the government on a market in decline.

“At this stage, the Commission has doubts that the data provided by Spain is appropriate to determine whether the market concerned is in decline,” said the European Commission.

Last year Ford said it chose to produce the Transit Connect Wagon in Valencia, Spain, which will help the automaker solve two problems: the excess capacity in Europe and the lack of manufacturing capacity in North America.

Source: Reuters

by Ana Cezara Savin (my Google+) - Wednesday, May 15th, 2013 - filed under Ford, News. Image credit: .
Linked In Share
Related Articles


Discuss: EU Antitrust Regulators Investigate Spanish Grant for Ford

Leave a Reply


















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Cadillac ATS Crimson Special Edition announced
Cadillac ATS Crimson Special Edition announcedCadillac has announced its plans to introduce the ATS Crimson Special Edition, which is coming with several upgrades. The new ...
[VIDEO] Watch a Pagani Huayra go crazy
[VIDEO] Watch a Pagani Huayra go crazyA brand new video uploaded on YouTube is placing the Pagani Huayra into the spotlights once again. The Pagani Huayra is ending ...
Volkswagen plans budget car; it will cost up to 8,000 euros
Volkswagen plans budget car; it will cost up to 8,000 eurosThe management board of the German automaker Volkswagen might give the ok for the budget car aimed at emerging markets, Germany's ...
Chinese Cities Offer Subsidies for EV Purchases to Fight Pollution
Chinese Cities Offer Subsidies for EV Purchases to Fight PollutionSome of China's biggest cities will help buyers who decide to purchase electric vehicles, part of a strategy to encourage EV ...
BMW M135i by Manhart gets detailed
BMW M135i by Manhart gets detailedManhart Performance has released new details and images with their upgrade program aimed towards the BMW M135i. Originally ...
Renault Plans to Dominate the Minicar Segment with New Twingo
Renault Plans to Dominate the Minicar Segment with New TwingoRenault relies on its new Twingo to take Fiat's 10-year long dominance of the minicar segment. In 2013 the Fiat 500 took the ...
Pininfarina Expects Profit Return in 2014
Pininfarina Expects Profit Return in 2014Pininfarina, the well-known Italian automotive design company, said that it expects to report increased operating profit in 2014 ...
New Mazda MX-5 to be launched in 2015
New Mazda MX-5 to be launched in 2015The Japanese based automaker Mazda is currently working on a new generation of the MX-5 which is said to make its way onto the ...
Audi TT-RS by HPerformance
Audi TT-RS by HPerformanceThe aftermarket specialists at HPerformance have released the first details and images with their modified version of the Audi ...
Martin Winterkorn Says Crimea Crisis Won’t Affect VW’s Russia Growth Plan
Martin Winterkorn Says Crimea Crisis Won’t Affect VW’s Russia Growth PlanVolkswagen is determined to stick to its ambitious expansion plans in Russia, despite the prospect of economic sanctions for the ...
Google CEO Larry Page Plans to Give All His Money to Tesla’s CEO Elon Musk?
Google CEO Larry Page Plans to Give All His Money to Tesla’s CEO Elon Musk?Larry Page, Google CEO and co-founder, said that after he dies he wants his money to go to people like Elon Musk, Tesla's ...
Lamborghini Gallardo burns like a crisp in Puerto Rico
Lamborghini Gallardo burns like a crisp in Puerto RicoFlames have surrounded a Lamborghini Gallardo recently in Puerto Rico as the model has been almost ruined. Owning a supercar is ...
Volvo Cars CEO: We expect 5 percent growth in 2014
Volvo Cars CEO: We expect 5 percent growth in 2014Volvo Car Corp.'s Chief Executive Håkan Samuelsson, during a press conference in Sweden told reporters that new car sales are ...
[VIDEO] Porsche 911 Carrera GTS gets spied once again
[VIDEO] Porsche 911 Carrera GTS gets spied once againThe upcoming Porsche 911 Carrera GTS has been spied once again while it was being tested, this time in its coupe form, not ...
Mercedes-Benz S63 AMG Coupe – new images released
Mercedes-Benz S63 AMG Coupe – new images releasedMercedes-Benz has released a new image set with the recently unveiled S63 AMG Coupe, showing the powerful and luxurious two-door ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Cadillac ATS Crimson Special Edition 1
BMW M135i by Manhart 1
Audi TT-RS by HPerformance 1
putin_winterkorn_600x400
mercedes-benz s63 amg coupe 1
US Car sales SAAR Levels 2014
bmw m4 gran coupe 1
Subaru-Impreza-uk-2014-1
Honda Yuasa Racing Civic Tourer BTCC 1
lime green pagani huayra 1
VW Golf 7 1.4TSI gets tuned by Ingo Noak 1
2015 Audi TT screen

More automotive from inautonews
Cadillac has announced its plans to introduce the ATS Crimson Special Edition, which is coming with several upgrades. The new Cadillac ATS Crimson Special Edition is the newest version of the BMW 3-Series fighter to come from the United States. The model in question has received the so-called ...
read more
Inautonews Editors Section
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...
Test Drive Fiat 500L Living – Review
Test Drive Fiat 500L Living – Review Who ever thought in 2007, when Fiat unveiled the new 500 citycar that the Italian automaker will ever build a seven-seater 500 model. Clearly, ...
Test Drive Fiat 500L Trekking – Review
Test Drive Fiat 500L Trekking – Review Fiat had a great success back in the 60’s with the 500 model. It was cheap, practical and equipped with a 479 cmc petrol engine – that’s why ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety [VIDEO] Nissan Rogue scores Top Safety Pick+The new generation of the Nissan Rogue has recently managed to score a Top Safety Pick+ award after ... GM CEO Mary Barra Scheduled to Testify Before US Congressional Panel Regarding RecallsGeneral Motors' CEO Mary Barra will testify on April 1 at a US congressional hearing regarding the ...
Safety Section