Member access

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

VOLKSWAGEN AG (VOW3)

295
Real-time Quote. Real-time Tradegate - 08/27 10:53:30 am
173.85 EUR   -0.77%
1h agoDJChina Volkswagen Probe Not Tied to Antitrust
2h ago MAN SE : JOB&FIT certification for MAN; German Nutrition Society awards cer..
6h ago VOLKSWAGEN : Corruption probe into VW
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

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

03/21/2012 | 04:24am US/Eastern
Recommend:
0

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.

Recommend :
0
React to this article
Latest news on VOLKSWAGEN AG
1h agoDJChina Volkswagen Probe Not Tied to Antitrust
2h ago MAN SE : JOB&FIT certification for MAN; German Nutrition Society awards certific..
6h ago VOLKSWAGEN : Corruption probe into VW
7h ago VOLKSWAGEN : Formula 1 student competition takes off at the Barcelona-Catalunya ..
8h ago In largest order, carzonrent buys 120 merc c class sedans
8h ago VOLKSWAGEN : China watchdog investigating executives at VW JV
1d ago AUDI : Rings changes with tt
1d ago VOLKSWAGEN : Anti-UAW workers seek to form union at Volkswagen plant
1d ago AUDI : For automobile lovers
1d ago VOLKSWAGEN : Sets up engine assembly, testing facility at chakan unit
Advertisement
Chart
Duration : Period :
Volkswagen AG Technical Analysis Chart | VOW3 | DE0007664039 | 4-Traders
Income Statement Evolution
Volkswagen AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF