2003/373/EC: Commission Decision of 11 December 2002 on the State aid which Germany is planning to implement for BMW AG in Leipzig (Text with EEA relevance) (notified under document number C(2002) 4830)

• Articles: 4

Article 1

The State aid which Germany is planning to implement for Bayerische Motorenwerke AG (BMW) in respect of its investment project in Leipzig is compatible with the common market to the extent of EUR 363,16 million (net present value), corresponding to an aid intensity of 30,14 % of the eligible investment costs, subject to the conditions set out in Article 3.

Article 2

The amount of the planned aid for BMW's investment project in Leipzig that exceeds this aid intensity is incompatible with the common market and may not therefore be granted.

Article 3

Germany shall submit annual reports concerning the implementation of the eligible investment under the project and the precise amounts of aid disbursed. It shall also submit annual reports covering the period 2005 to 2010 indicating total labour costs, the number of jobs created, weekly working hours and the number of vehicles manufactured.

Article 4

This Decision is addressed to the Federal Republic of Germany.

Done at Brussels, 11 December 2002.

For the Commission

Mario Monti

Member of the Commission

(1) OJ C 128, 30.5.2002, p. 15.

(2) See footnote 1.

(3) [...] represents confidential information.

(4) La Tribune, 19 July 2001 (BMW préfère Leipzig à Arras pour sa nouvelle usine de production); Les Echos, 7 July 2001 (BMW construira sa nouvelle usine à Leipzig); Les Echos, 10 July 2001 (Arras serait hors course pour la future usine de BMW).

(5) OJ L 83, 27.3.1999, p. 1.

(6) OJ C 279, 15.9.1997, p. 1.

(7) N 195/99, regional aid area for Germany (2002 to 2003) for regions covered by Article 87(3)(a).

(8) OJ L 48, 20.2.2002, p. 25.

(9) OJ L 282, 19.10.2002, p. 23.

(10) OJ L 314, 18.11.2002, p. 92.

(11) OJ C 151, 25.6.2002, p. 2.

(12) This agreement has not been submitted to the Commission.

(13) Employees will also increasingly benefit from other measures, e.g. allowances exceeding agreed rates, Christmas bonuses and the "BMW allowance".

(14) OJ C 62, 4.3.2000, p. 12.

(15) OJ L 48, 20.2.2002, p. 25. This case concerned the production of a luxury car by VW in Dresden/Mosel. The alternative site was in the Czech Republic.