BELGIUM: EU comission approves German government aid to VW, Siemens joint venture
The European Union Commission on Wednesday approved €84 million in German government aid to a joint venture between Siemens AG's automotive division, Siemens VDO, and Volkswagen AG, Dow Jones reported. Last March, the companies said they would invest a total of €270 million in the 50-50 venture, known as Volkswagen Mechatronic GmbH & Co, the report said.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable