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2007/509/EC: Commission Decision of 20 December 2006 on State aid No C 3/2005 (ex N 592/2004 (ex PL 51/2004)) which Poland is planning to implement for Fabryka Samochodow Osobowych SA (formerly DAEWOO — FSO Motor SA) (notified under document number C(2006) 6628) (Text with EEA relevance)

CELEX
32007D0509
Document type
DEC_ENTSCHEID
Sector
Legislation
Date of document
2006-12-20
In force since
2007-07-19
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article 1

The aid measures listed in Table 4, some of which Poland has already partially or fully implemented and some of which Poland has not yet implemented, for Fabryka Samochodow Osobowych are compatible with the common market, subject to the obligations and conditions set out in Article 2.

Article 2

1 The plan for restructuring FSO, including the restructuring of FSO liabilities, must be fully implemented.

2 Annual production of passenger cars, including all kinds of assembly kits, shall be limited to 150000 units until the end of February 2011. This limitation applies to each calendar year. Production shall be limited to 25000 units in the first two months of 2011.

3 Annual sales of these passenger cars in the EU (including new Member States as soon as they join the EU) shall be limited to 107000 units until the end of February 2011. This limitation applies to each calendar year. Sales in the EU shall be limited to 17833 units in the first two months of 2011.

4 The two conditions set out above shall apply to FSO, to all its present and future subsidiaries, and to any company controlled by the controlling shareholder of FSO to the extent that it uses productive assets (e.g. plant, production lines) currently belonging to FSO or its subsidiaries.

5 For the purpose of monitoring compliance with all the above conditions, Poland shall provide the Commission with six-monthly reports on the state of progress of FSO’s restructuring. As regards the production and sales limitations, Poland shall provide the Commission with annual reports on production and sales figures of the previous calendar year, to be sent no later than at the end of January. The last report shall be sent before the end of March 2011 and shall cover production and sales in the first two months of 2011.

Article 3

Poland shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with it.

Article 4

This Decision is addressed to the Republic of Poland.

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