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Industry: Email Alert RSS FeedEC probes aid to Azambuja plant.
Automotive News Europe, May, 2002 by De Oliveira, Paulo Soares
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The European Commission is investigating E41.7 million in incentives the Portuguese government gave to Opel's Azambuja assembly plant.
The incentives, mostly tax breaks, were offered to help convince Opel parent company General Motors to build the new Combo in Portugal rather than in low-cost Poland.
GM was considering building the Combo at its Gliwice factory in Poland, which makes the Opel Agila and Astra. The Combo is based on the Opel Corsa platform.
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Instead, GM decided to invest E130 million to modernize the Azambuja plant, 45km north of Lisbon. GM set up a new body ...
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