Navigation path

Login   |   Register

Advanced search Search in:    Audio    Photo    Video    Shotlist


Statements by Maud Olofsson, Vincent Van Quickenborne, Peter Hintze, and Miguel Sebastián on General Motors Europe


Günter Verheugen, Vice-President of the EC in charge of Enterprise and Industry, and Neelie Kroes, Member of the EC in charge of Competition, met for the second time with the EU Ministers in charge of the automotive industry, on 29 May 2009 in Brussels. The meeting reconfirmed the need for coordination as well as the consensus reached at the first ministerial meeting on the situation of General Motors' European subsidiaries on 13 March 2009, where Member States and the Commission had concluded that EU rules (in particular on State aid and the Single Market) must be fully respected and that no national measures should be taken without prior information and coordination with other involved countries and the Commission. All participants appreciated the renewed initiative of the Commission and the personal backing of José Manuel Barroso, President of the EC. They stressed the European dimension of the problem and the common interest to find a viable solution for the European subsidiaries of General Motors while insisting on the primary responsibility of GM itself. There was appreciation that Germany takes a leading role in this respect in the first stage of the rescue process. The Commission representatives highlighted that EU State aid rules may allow, under certain conditions, Member States to rapidly support General Motors' European subsidiaries in their efforts to overcome their immediate financial difficulties. They underlined that State support should ultimately ensure the long-term viability of the restructured entity without further injections of public money or unduly distorting competition. All participants agreed that any financial support by one or more Member States must be based strictly on objective and economic criteria, and not include non-commercial conditions concerning the location of investments and/or the geographic distribution of restructuring measures. Moreover, State support should facilitate the efforts of manufacturers to adapt production capacities to market developments.

Type: EbS   Reference: 64169   Date: 29/05/2009   Duration: 00:05:38
To download, please log in

Related media

Employment, Social Policy, Health and Consumer Affairs Council, 2980th meeting: ...
Ref: 67016
Date: 01/12/2009
Justice and Home Affairs Council, 2979th meeting: arrivals
Ref: 67011
Date: 01/12/2009
Employment, Social Policy, Health and Consumer Affairs Council, 2980th meeting: ...
Ref: 67015
Date: 01/12/2009
Justice and Home Affairs Council, 2979th meeting: round table
Ref: 67012
Date: 01/12/2009
Eurogroup Meeting: round table
Ref: 67024
Date: 01/12/2009
Visit of Herman Van Rompuy, Belgian Prime Minister and President designate of ...
Ref: 67113
Date: 01/12/2009
Visit of José Manuel Barroso and Fredrik Reinfeldt, Swedish Prime Minister and ...
Ref: 67070
Date: 01/12/2009
Eurogroup Meeting: arrivals
Ref: 67023
Date: 01/12/2009

New Video Player (Version 1)
More info

Press packs

Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page

Credit © European Union, 2014