Europe's competition chief last night delivered a blunt warning to EU member states against “bribing” car companies in an attempt to “steal” jobs from other countries, saying such behaviour risked sparking a trade war.
Neelie Kroes, competition commissioner, who will decide whether a deal brokered by Germany to sell General Motors' European Opel business to the Canadian car parts supplier Magna complies with state aid rules, told an audience in New York that she was “examining carefully” Berlin's conditions for the rescue.
“We cannot accept one government bribing companies in order to steal or end the jobs of another,” said Ms Kroes.
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