Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG (VOW3)

331
Real-time Quote. Real-time Tradegate - 10/24 03:06:23 am
160.7 EUR   -0.37%
30m agoDJVolvo to Cut Costs as Net Profit Rises
47m agoDJVolvo to Cut Costs Further as Third-Quarter Net Profit Rises
49m ago Volvo steps up costs cuts after surprise profit rise in third quarter
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Volkswagen AG : Germany To Aggressively Defend 'Volkswagen Law' - Report

03/21/2012 | 04:24am US/Eastern

The German government will aggressively defend the country's "Volkswagen Law" at the European Court of Justice against the European Commission, which is suing Germany for the second time over the regulation, German newspaper Handelsblatt reports Wednesday, citing Economy Minister Philipp Roesler.

The law, which effectively shields German car maker Volkswagen AG (VOW.XE) from hostile takeover, guarantees the state of Lower Saxony a blocking minority in the company over certain decisions such as takeovers. This regulation has been long been criticized by the European Union for allegedly breaching competition rules, while Germany has defended the law on strategic grounds.

The Volkswagen law was revised in 2008 to meet the requirements of the court's judgement in 2007, and the fact that the Commission has decided to take new action four years later is difficult to fathom, Roesler is cited as saying.

"The federal government is clearly supporting the VW law and will aggressively defend it before the court," Roesler adds.

Newspaper website: http://www.handelsblatt.com

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

Latest news on VOLKSWAGEN AG
30m agoDJVolvo to Cut Costs as Net Profit Rises
45m ago AUDI : Tt much for us?
47m agoDJVolvo to Cut Costs Further as Third-Quarter Net Profit Rises
49m ago Volvo steps up costs cuts after surprise profit rise in third quarter
59m ago AUDI : Tt much for us?
1h ago AUDI : A6 Avant 2.0 TDI Ultra S line
1h ago AUDI : Tt much for us?
1h ago Daimler profits accelerate
1d ago AUDI : Bank Audi's Turkey expansion pays off
1d ago AUDI : Ultra-efficient executive ; The Audi A6 ultra aims to deliver the fulA6 f..
Advertisement
Chart
Duration : Period :
Volkswagen AG Technical Analysis Chart | VOW3 | DE0007664039 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF