EU Investigates 96 Mil. Euro Aid to Peugeot-Citroen on Diesel Technology
The European Commission said it has launched an in-depth investigation into whether 96 mln eur of aid earmarked by the French government for Peugeot SA-Citroen and other partners for the development of a hybrid diesel car breaches EU rules.
'The Commission fully supports the development of less polluting cars,' the commission said in a statement. 'In the present case, the Commission thinks it likely that Peugeot-Citroen... would have undertaken this project anyway, even in the absence of a state subsidy, given that other car makers have announced similar projects in relation to more environmentally friendly cars.'
France plans to grant 96 mln eur of aid to Peugeot-Citroen and 16 partners in the form of grants and repayable advances for the development of various parts of a hybrid diesel car.
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