On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
63° Feels Like: 63°
Wind: S 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Scattered Thunderstorms 59°

Tomorrow

Thundershowers 85°

Sat Night

Thunderstorms 68°

Alerts

EU approves 20.5 million euro French aid for Renault hybrid fuel project

The Renault company logo is displayed on the front of a car dealership in Andernos, Southwestern France, February 12, 2013. REUTERS/Regis Du
The Renault company logo is displayed on the front of a car dealership in Andernos, Southwestern France, February 12, 2013. REUTERS/Regis Du

BRUSSELS (Reuters) - European Union state aid regulators approved on Wednesday 20.5 million euros ($27.73 million) in French support for carmaker Renault to develop a diesel hybrid technology which will cut diesel use and carbon dioxide emissions for vans.

The European Commission said the French state aid, which consisted of 3.8 million euros in grants, 3.4 million euros for industrial research and 13.1 million euros for experimental development, was in line with EU rules.

"This project should result in a substantial reduction in (vehicles') fuel consumption and carbon dioxide emissions, thereby contributing to the EU's targets for innovation, the environment and energy security, without affecting competition," EU Competition Commissioner Joaquin Almunia said.

(Reporting by Foo Yun Chee; Editing by Adrian Croft)

Comments