commiss decis decemb aid french govern undertak motor vehicl sector peugeot sa french text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof parti concern notic submit comment accord articl regard comment letter date april receiv date french govern notifi commiss aid grant peugeot sa citroën group aid grant form loan industri modern fund fim loan ff million grant juli société mécaniqu automobil de est smae manufactur caen complet gearbox lighter exist gearbox invest account fim loan ff million loan ff million grant société automobil peugeot construct fulli autom polyval bodi assembl unit autom assembl assembl line poissi introduct advanc process technolog manufactur front rear axl invest account fim loan ff million loan ff million grant juli société automobil citroën develop small car low fuel consumpt optim industri plant high technolog materi comput assist product control techniqu consider degre flexibl obtain result product gain invest account fim loan ff million decis eec commiss fim loan aid mean articl eec treati award provid signific case notifi advanc loan initi award rate interest maximum year grace period year purpos assist innovatori invest instal high technolog machineri equip develop offic autom biotechnolog commiss consid loan total ff million compris aid element mean articl prima faci satisfi condit exempt articl open procedur provid articl respect aid main reason initi procedur lack inform extent fim loan contribut develop genuin innov product letter date januari commiss gave french govern notic submit comment comment invit member state letter date interest parti notic offici journal european commun commiss request french govern inform letter date septemb fim loan ff million award march société automobil citroën loan context ff million fim loan award société automobil citroën concern programm object durat alloc ident rate invest account fim loan ff million commiss consid loan ff million compris aid element mean articl satisfi condit exempt articl initi procedur provid articl respect aid princip reason initi procedur lack inform extent fim loan contribut develop genuin innov product letter date decemb commiss gave french govern notic submit comment comment invit member state letter date februari interest parti notic offici journal european commun letter date march commiss ask french author inform enabl assess technolog content invest question ii french author present observ letter date august august septemb march juli decemb french author invest psa group view context reorgan restructur group industri asset takeov chrysler europ depress motor vehicl market polii adopt psa group reduc surplu product capac level demand product led closur factori redund violent social disrupt poissi aulnai innov invest enabl psa group improv product return level profit precari innovatori natur invest financ fim loan french author regard loan support invest genuin innovatori introduct manufactur process techniqu enabl complet product develop loan smae french author contend innovatori natur invest lai size technolog leap smae design develop ma gearbox fact gearbox manufactur licenc car manufactur innovatori natur invest financ fim peugeot citroën plant launch complet redesign vehicl peugeot citroën ax view french author demonstr fact technolog unquestion advanc time europ worldwid invest innov technic process upstream downstream manufactur cycl entail risk compani view make consider gain term qualiti safeti product manag french author invest involv increas capac activ help improv competit posit european car industri award loan question peugeot group compat common market distort competit undertak member state peugeot group invest total ff million loan obtain fim year repres invest order financ programm firm reli larg intern gener fund receiv contribut sharehold obtain long medium term loan french bank financi market rate depend method financ french author order assess object exist real differ cost invest financ open market cost invest financ fim account financ arrang group financi year rate fim loan grant pla differ substanti averag rate psa obtain obtain loan nation intern market year june psa obtain intern loan ff million annum year lower rate fim loan obtain year similarli psa envisag variabl rate share issu autumn period year actuari cost annum framework consult procedur govern member state submit observ iii basi decis eec fim loan constitut aid mean articl eec treati extent affect trade member state distort threaten distort competit favour undertak product good fim loan total ff million french govern grant psa aid enabl recipi make invest bear cost aid affect trade member state consider intra commun trade product manufactur psa trade passeng vehicl member state account vehicl unit export franc member state peugeot citroën export vehicl commun countri total car product franc note aid element fim loan constitut year grace period differ interest rate appli crédit nation rate determin aid element low interest loan connect principl coordin region aid scheme fim loan question grant ff million loan smae ff million loan peugeot ff million loan citroën refer rate date loan grant smae loan loan peugeot loan citroën loan citroën interest subsidi loan smae peugeot loan citroën loan citroën year french author provid exampl illustr lack aid element account refer rate fell sharpli half year januari result compar loan obtain fim loan march iv articl aid notifi plan stage grant commiss reach final decis suspensori effect aid question grant unlaw breach provis articl view mandatori natur rule procedur laid articl court justic judgment decemb case lorenz march case steinik unlaw natur aid rectifi posteriori addit commiss requir member state recov aid recipi judgment juli case kohlegesetz oj oj oj psa group form result takeov peugeot citroën car product interest chrysler europ divis suffer vari degre lack invest date product rang attempt relaunch chrysler rang reviv histor talbot inherit simca eventu consid unsuccess drop full integr peugeot spite psa group retain tradit consider hamper organ product psa group succeed overcom complic product organ reflect financi recoveri group start increasingli profit consolid cashflow posit exceed invest time year conjunct capit increas carri year effect steadi declin work capit requir contribut remak reduct group debt ff million net financi debt slightli capit recoveri due combin effort portug citroën group net result tax partial repres turnov result place ahead japanes german manufactur european american firm group recoveri evid steadi rise passeng util car sale european market upsw stronger experienc manufactur group increas share european market month held market restructur integr oper psa share european market group ocupl place european market gradual reach object market leader europ vi articl treati aid meet criteria laid principl incompat common market except provid articl applic case natur propos assist direct atain object articl treati list aid compat common market compat treati determin context commun singl member state order ensur proper function common market regard principl embodi articl treati except provid articl constru narrowli aid scheme individu aid award scrutin invok commiss satisfi aid market forc insuffici guid recipi pattern behaviour serv object except invok except case aid serv object give unfair advantag member state affect trade condit member state extent contrari common interest regard except provid articl aid promot develop region region psa invest place suffer abnorm low standard live employ mean except except provid articl fact case provid ground whatsoev aid question intend promot project common european interest judgment march case remedi disturb french economi french govern present argument justifi aid question aid satisfi condit paragraph region aspect fim loan gener grant firm locat region identifi advanc aim facilit develop econom area french govern justif grant loan psa group aid qualifi exempt question final except articl respect aid facilit develop econom activ decis eec invest elig fim loan innovatori natur commun level decis author fim loan scheme commiss conclud further prioriti industri interest franc industri modern suffici commun interest justifi applic except articl contrari aid liabl affect trade condit extent contrari common interest strengthen posit aid firm relat competitor commun court justic confirm valid approach judgment juli case french republ commiss french govern attach letter date june march juli decemb technic note describ invest partial financ fim loan commiss carri exhaust technic examin inform order determin extent invest aid gave rise genuin innov commun level loan grant citroën total ff million loan smae ff million reach conclus bodybuild area tradit concept panel shop specif intend vehicl abandon aim achiev simultan construct singl bodi shop famili product citroën ax peugeot peugeot citroën bx peugeot polyval system introduc poissi consider improv aulnai plant poissi system achiev place manual rectif station middl process cope breakdown autom robot procedur polyval flexibl system partli success introduc commun car manufactur aulnai polyval system combin audaci process flux rapid system manual rectif station weld robot take place back breakdown reduc minimum greatli reduc product time buffer stock improv qualiti line slightest breakdown upstream result product loss citroën instal extra manual line renn invest polyval bodi assembl line flux rapid total ff million high start cost consider train cost connect flux rapid system rapid flow system flexibl bodybuild base toyota system japan prove costli experi constitut innov european level fact bodi shop aulnai build model present assembl ax aulnai psa decid adopt high autom approach competitor experi volkswagen hall plant psa attempt avoid high cost approach introduc greater manual input achiev flexibl low invest ff million total amount flexibl view huge number model variant ax model assembl oper robot introduc signific innov station fit roof line windscreen altern manual zone car move front fix station constant speed automat assembl zone car stop releas bodi carrier geometr align call develop fulli autom bodi carrier carrier equip microcomput capabl compens halt autom station speed includ revers give access vehicl station develop construct carrier system carri contractor total cost ff million system automot carrier basic innov modif european car manufactur intang invest psa innov concept rapid flow polyval bodi assembl unit semi manual assembl unit aulnai factori total ff million caen plant suppli aulnai assembl unit assembl arm vertic link assembl front axl complet rear axl assembl technic specif ax call radic design product line front rear suspens stringent requir specif highli autom product assembl line techniqu emploi reli systemat robot similar equip automat suppli identif load compon electron conform control laser video prior design assembl autom line accompani introduct time product character increas flow improv product process greater avail resourc invest product assembl line ff million featur ultra modern instal constitut innov commun level repres approxim half total invest innov introduc citroën fim loan correspond approxim third total invest ff million ff million commiss consid invest citroën assist fim loan modern invest proper invest aim develop product process genuin innov commun level time implement invest ff million smae plant borni citroën subsidiari technic examin commiss conclud concern innovatori product product process commun level smae programm involv manufactur complet gearbox lighter exist line involv machin gearbox compon shaft gear train crown gear turn cut drift grind mill autom part transfer station station conveyor belt assembl oper fulli autom enabl product reach level similar current japanes perform import technolog advanc achiev smae design product ma gearbox emphas fact car manufactur purchas licenc manufactur gearbox aid aris fim loan grant citroën total ff million subsidiari smae amount ff million enabl innov introduc compat common market satisfi condit laid commiss decis decemb view forego consider aid element mean articl eec treati form interest subsidi year grace period contain fim loan ff million award illeg breach articl eec treati regard aid promot develop econom activ mean articl eec treati alter trade condit extent contrari common interest compat common market vii hand emerg technic examin invest financ fim loan peugeot ff million contribut modern plant rejuven product consid innovatori commun level time introduc concern invest press shop poissi ff million polyval bodi shop poissi ff million upholsteri paint shop poissi ff million manufactur front rear axl assembl shock absorb mulhous bart assembl poissi ff million stere engin modif dijon ff million abovement invest amount total ff million press polyval bodybuild upholsteri paint shop front rear axl assembl autom modern averag technolog level sector press assembl unit convent whilst machineri partial outdat state polyval bodybuild system appli poissi commun competitor qualifi innov requir fim loan invest steer engin modifc manufactur front rear axl french author commiss letter date march provid supplementari inform request innovatori natur invest short peugeot invest assist fim loan concern modern peugeot competitor cope demand technolog cover cost assist state normal interest produc effici techniqu materi enabl product manag cost cut whilst modern rang product court justic case seb juli glaverbel march commiss decis fim loan renault march valeo novemb aid result fim loan peugeot support invest abovement field compat common market fulfil condit articl laid commiss decis decemb fim loan ff million peugeot aid incompat common market articl treati recov end withdraw incompat aid element contain fim loan peugeot order loan recov attach normal market condit event order recoveri incompat interest subsidi peugeot benefit abovement chang term loan commiss quantifi aid element loan calcul differ market refer rate time loan grant interest rate grant interest subsidi loan question amount ff million date decis amount ad interest subsidi psa group subsequ benefit event delai implement decis period date refer articl decis actual date reimburs modif term incompat loan question adopt decis articl aid form interest subsidi fim loan ff million support invest total ff million grant peugeot sa notifi commiss april unlawful breach articl eec treati addit aid incompat common market pursuant articl articl french govern requir withdraw aid element contain fim loan refer articl recov loan appli market interest rate rate correspond crédit nation rate equip loan applic date fim loan grant french govern event recov interest subsidi amount ff million grant loan psa benefit date adopt decis articl french govern inform commiss measur compli decis month notif articl decis address french republ brussel decemb commiss peter sutherland member commiss