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4-Traders Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN (VOW3)
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Delayed Quote. Delayed  - 02/23 05:35:06 pm
162.6 EUR   -0.81%
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Volkswagen AG : Germany To Aggressively Defend 'Volkswagen Law' - Report

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03/21/2012 | 10:24am CET

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.

Stocks mentioned in the article
ChangeLast1st jan.
VOLKSWAGEN -0.81% 162.6 Delayed Quote.-2.31%
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Financials (€)
Sales 2017 231 B
EBIT 2017 15 998 M
Net income 2017 11 159 M
Finance 2017 7 258 M
Yield 2017 2,15%
P/E ratio 2017 7,23
P/E ratio 2018 6,26
EV / Sales 2017 0,33x
EV / Sales 2018 0,25x
Capitalization 83 170 M
Chart VOLKSWAGEN
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Volkswagen Technical Analysis Chart | VOW3 | DE0007664039 | 4-Traders
Technical analysis trends VOLKSWAGEN
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 194 €
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Matthias Müller Chief Executive Officer
Hans Dieter Pötsch Chairman-Supervisory Board
Martin Hofmann Head-Group Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
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1st jan.Capitalization (M$)
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GENERAL MOTORS CORPORATION-0.20%57 612