http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/ Autoblog Comments for http://www.autoblog.com/media/feedlogo.gif http://www.autoblog.com en-us Copyright 2008 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/
Chris.]]>Mar 13th 2008 2:43PMhttp://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/
(b) the German justice minister is currently drafting an amendment to the infamous "Lex VW" to comply with a recent EU court ruling that invalidated major portions of it. One provision that the court criticized but did not strike down was the blocking majority of just 20%, which gives the state of Lower Saxony a lot of clout. Normally, 25% of outstanding shares are required. The EU competition commissioner has already indicated she will file another lawsuit against Germany if the amendment does not bring the percentage required for a blocking vote in line with common practice.]]>Mar 13th 2008 5:45PMhttp://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/
If Porsche were to purchase more shares and gain the 75% + needed, they would then have control of VW's cash-flow which would be economically beneficial to Porsche (to say the least). ]]>Mar 13th 2008 5:49PMhttp://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/Mar 13th 2008 4:49PMhttp://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/Mar 13th 2008 5:02PMhttp://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/http://www.autoblog.com/2008/03/13/wolfgang-porsche-joins-vw-board/Mar 13th 2008 10:49PM