The European Commission has received details of Spain’s plan to support its car industry and is studying it to make sure that it complies with EU rules, a Commission official has said.
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The Spanish government this month approved a EUR4bn (US$5.1bn) package to help carmakers and protect jobs.
The commission said the scheme was the second largest in Europe in terms of total funding, ahead of Germany’s EUR2bn programme and Britain’s EUR3bn scheme.
The commission is currently scrutinising France’s plan to lend its carmakers EUR6bn over five years in return for a pledge not to close sites in France, Reuters noted.
