British Deal Upheld
Published: Wednesday, February 5, 1992
The European Court of Justice today quashed a European Commission order that British Aerospace P.L.C. repay to Britain $:44.4 million, about $80 million, that it received as enhancements to the deal in which it bought the Rover auto operations in 1988. The court ruled that the commission, the executive body of the European Commission, had not followed correct procedures in an inquiry it conducted before it declared the enhancements to be illegal state aid in June 1990. The commission ordered the repayment last June after inquiries prompted by a political sc
Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...
Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.