ANNOUNCEMENT 11 Jul 2012

In July 2012, the government of Germany announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 11 Jul 2012 | Removal date: 09 Jan 2016
Still in force

Financial grant

On 11 July 2012, the European Commission approved a regional aid of EUR 43.67 million for the car manufacturer Porsche in order to extend a production plant in Leipzig, Germany. The extension is aimed at producing a new car model "Porsche Macan".
 
The beneficiaries Porsche Leipzig GmbH and Dr. Ing. H.c.F. Porsche Aktiengeselschhaft are subsidiaries of the Porsche Group, which in turn is part of the Volkswagen-Porsche-Group.
 
The aid will be paid out between 2012 and 2015 in the form of a direct grant and an investment premium (para. 3, letter from EC to Germany, Brussels 11.7.2012).
 
As pointed out by the EC, it will "relieve the beneficiaries from costs which they would normally have had to bear themselves. Therefore, they benefit from an economic advantage over their competitors" (para. 24).
 
Further, the EC stresses that "since the product is subject to trade between Member States, the support given is likely to affect trade between Member States" (para.25).
 
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metrics, the state aid proposed here is discriminatory.
 

AFFECTED SECTORS