Mexican Media Brands
EU Probes Spain’s Aid to Ford
European Union anti-trust watchdogs have opened an investigation into whether the Spanish government's €25 million grant ($32 million) to Ford Motor Co. violated anti-competition rules.
#regulations #labor
Share
European Union anti-trust watchdogs have opened an investigation into whether the Spanish government's €25 million grant ($32 million) to Ford Motor Co. violated anti-competition rules.
Spain agreed last year to grant the funds to help Ford with a €420 million ($541 million) upgrade of its assembly plant in Valencia, Spain, to produce the next-generation Transit Connect small commercial van.
EU law bars government aid that would boost capacity more than 5% in a shrinking market. Anti-trust regulators say the Valencia project may exceed those limits. Ford contends the grant complies with EU law.
RELATED CONTENT
-
Bill on Self-Driving Cars Stalls in Senate
Congressional efforts to make it easier to develop self-driving cars in the U.S. have stalled in the Senate despite strong bipartisan support.
-
Feds Probe Another Tesla Crash Involving Autopilot Feature
Federal investigators are looking into another crash involving a Tesla Model S electric sedan that was operating in semi-autonomous mode.
-
Porsche Racing to the Future
Porsche is part of VW Group and it is one of the companies that is involved in putting vehicles on the U.S. market with diesel engines in violation of EPA emissions regulations, specifically model year 2013–2016 Porsche Cayenne Diesel 3.0-liter V6 models.