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New Volkswagen Law Takes Effect, Says German Ministry | Germany | Deutsche Welle | 11.12.2008

The amended legislation preserves the German state of Lower Saxony's blocking minority holding of 20 percent in Volkswagen, the biggest European carmaker, compared with a 25 percent stake needed in other German companies.

The law also stipulates that the installation or relocation of a VW auto factory in Germany must be approved by employee representatives on the VW supervisory board, the ministry added in a statement.

German lawmakers gave their final approval to the law in late November, and it replaces a text that was almost 50 years old and was rejected by the European Court of Justice last year.




*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Dec 11th, 2008 at 03:17:26 PM EST
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