ANNOUNCEMENT 14 May 2012

On 14 May 2012, the EIB provided financing worth EUR 300 million (USD 384 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 14 May 2012 | Removal date: open ended

State loan

On 14 May 2012, the European Investment Bank (EIB) and Daimler AG signed an agreement worth EUR 300 million (approx. USD 384 million) for the project Daimler R&d from Germany. The total cost of the project is estimated at EUR 620 million.

According to the project description issued by the EIB, Research and development activities focusing on the development of small conventional powertrains and improvement of safety features. The project will primarily take place in Stuttgart, Germany..

The objective of the project is defined as following: The project will have positive environmental results through a reduction of fuel consumption and CO2 emissions. Moreover the project is aiming to improve the safety of vehicles..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS