Tag: state aid

By on July 11, 2012

Porsche’s soon-to-be 100 percent owner Volkswagen is making money hand over fist. At the same time, the German tax payer is contributing  43.67 million euros to the expansion of Porsche’s plant in Leipzig, Germany, where the new Macan will be made starting in 2014. This has attracted the attention of EU competition regulators. (Read More…)

By on June 9, 2010

So today’s the day when the fate of Opel was to be decided – according to plan. The committee met today – and decided to decide nothing. They couldn’t come to a conclusion. They handed the decision to Minister Brüderle. Brüderle’s decision: Nein. No government money to Opel, reports Focus. There still is a glimmer of hope for Opel … (Read More…)

By on May 25, 2010

Pretty soon you’ll hear about a breakthrough for Opel, and that there will be state aid. If not, you’ve read it here first. In any case, treat the news carefully. Munich’s Süddeutsche Zeitung, usually well-informed in Opel matters, reports that the state of Thuringia offered help to Opel. The Süddeutsche calls it a “symbolic offer.” (Read More…)

By on May 12, 2010

As expected, the Loan Guarantee Committee decided not to decide anything in their meeting at the Economics Ministry in Berlin. Opel had requested €1.3b in state aid from Germany. They are making the rounds in Europe to collect another €500m. Countries that committed money, such as the U.K., will only pay if Germany pays. (Read More…)

By on May 12, 2010

Today could be a big day for Opel. Probably, it won’t. The Loan Guarantee Committee is meeting in the Economics Ministry in Berlin. On the agenda: Opel’s request for €1.5b in state aid. The timing is not coincidental: Last weekend, elections were held in the Opel state of North Rhine Westphalia, which ended in a mess. Coalition discussions are on-going with unsure results. So let’s move quickly while Berlin can make decisions? Not exactly … (Read More…)

By on March 23, 2010

Germany’s Economy Minister Rainer Brüderle poured cold water on hopes for a quick decision on state aid for GM’s ailing Opel. GM expects $2.5b in state aid to come from European countries, most of it from Germany. But Germany, represented by Reiner Brüderle, is dragging its heels. (Read More…)

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