Filed under: Euro, Government/Legal, Plants/Manufacturing, Porsche, Volkswagen, Roewe
European Union taking Germany to court over amended VW Law
In a move that may undermine Germany's protection of Lower Saxony and its close ties to Volkswagen, the European Commission plans to review the case of Volkswagen Law in the European Union's top court. As you may recall, Porsche has been trying to take majority control of rival Volkswagen. However, the so-called "Volkswagen Law" has protected VW from takeover by allowing the state of Lower Saxony (where thousands of VW jobs are at stake) to retain just enough stock in the company to prevent Porsche from capturing a majority vote. While the upcoming ruling may not only alter the ownership of Volkswagen, it also demonstrates the escalating authority that the European Commission has over once sovereign countries.
[Source: Automotive News Europe, subs. req'd]
Reader Comments (Page 1 of 1)
Lithous 7:05PM (6/06/2008)
"it also demonstrates the escalating authority that the European Commission has over once sovereign countries."
All countries should be begging to be one big global world like most Americans want. Someone tell the Germans how uneducated they are for using protectionist ways. Don't they know better? They must be scoundrels!
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Kotse 7:19PM (6/06/2008)
America is on it's way to be part of the NWO...think NAU/SPP/NAFTA. Soon America will be borderless with Canada and Mexico...think the Texas Trans Corridor now underway...
Heck, even the globalist Bilderberg Group now having meetings as we speak in The Marriott Hotel in Chantilly, VA near Dulles airport
And oh, coincidentally they meet...right AFTER the last Primaries...think writing up the political "script" for the '08 Nov. Presidential Elections...
Kotse 7:25PM (6/06/2008)
....add the free falling US$ to the mix, ergo the price of oil...which the US Gov't doesn't care one bit...cause there is talk of bringing a new US currency...
Kotse 7:54PM (6/06/2008)
...even the MSM (mainstream media) is mum on this Bilderberg Conference (try reading/watch/hear anything from your favorite daily new outlet)...not a single word on 120+ of the most powerful, influential people of the world now meeting...charting our lives, our fate...
Lithous 8:10PM (6/06/2008)
http://answers.yahoo.com/question/index?qid=20080504172052AAoi4Gy
Kotse 8:17PM (6/06/2008)
"Life imitates art"...as they say.
And, oh I stopped "applauding" with the "sheeple audience"(and brainwashed)....and woke up to REALITY.
Aprime 4:32AM (6/07/2008)
Enjoy your theoric reality.
why not the LS2LS7? 12:41PM (6/07/2008)
Can you guys take this stuff to a site that's about politics?
Lithous 3:50PM (6/07/2008)
So you wait until a blog post is itself political and then you decide to announce your opinion? How amusing.
When autoblog has a post about Asian companies having more of the U.S. market than the American companies is that political? Why would anyone care about geography of companies enough to mine that data on a blog post like that? I.E. I didn't start the politics involved in cars, that is fore sure.
Interesting that you are so distracted. Word of advise, see my username and move on. Simple. Done. Minimal noise. You could even read the first sentence and move on if you don't feel like scrolling down to see who posted.
If there weren't so many Americans that wouldn't go into a showroom that is of an "American" car company then I wouldn't waste my time with any of the so called "politics".
If cars weren't about politics then a 9.6 rating would outsell an 8.0 rating every time. When that happens, I'll cut down the politics. Sounds fair to me.
http://www.edmunds.com/chevrolet/malibu/2008/review.html
http://www.edmunds.com/toyota/camry/2008/index.html
To be sure, I came to autoblog years ago to read about cars and it was a domestic car bash fest, one sided. So don't tell me about car sites and politics.
But hey, since you are taking over as sheriff, there won't be so much American car bashing since you'll tell them to stop with anything not specific the the car itself (i.e. performance, features, etc.) then I don't need to do any more "political" comments. Great, I appreciate it!
WetheSheeple 10:27PM (6/07/2008)
Hey Kotse don't feel bad. Most Americans have never heard of Bildeberg, or the CFR, the SPP/NAU, or anything else that has such a detrimental impact on their lives. No, they just tune in to Idol or Desperate Housewives, or the M.S.M. all warm and happy. Our ignorance on these matters is their strength. When oil hits $200 a barrel and more people are losing their homes and asking themselves how in the hell did this happen, only then maybe will they listen. God help us.
Rick 7:14PM (6/06/2008)
They knew what they were getting into when they signed the European Union charter. One set of laws for all.
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Austin 9:21PM (6/06/2008)
This is why the EU is so stupid. None of these countryies have there sovienty anymore...sad.
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bakka 9:23PM (6/06/2008)
All these trade deals also violate the Declaration of Human Rights which came out of Nuremberg.
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Rick 10:48AM (6/07/2008)
Really? How? I didn't know any trade laws were connected to torture or capital punishment.
bakka 11:18AM (6/07/2008)
Rick it has nothing to do with torture.
Google UN Declaration of Human Rights, interesting read.
Particularly Article 21 (3)
Government authority. These trade deals are by big business not the people. Yeah I know everyone can read what they want into it, BUT it says The will of the people shall be the basis of authority of government.
I don't vote for lobby groups, special interest groups or secret trade deals.
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TigerMil 12:40PM (6/07/2008)
The people who voted to join the EU should be more careful...Satan punishes you by giving you what you wish for. But there is always a sting in the tail.
On the other hand, I think every nation is free to opt out of the EU...simply vote to secede. Somehow, I don't think the vaunted EU military (nonexistium) will be able to do anything about it although the economic costs exacted by the central German bank (why do you think the Germans wanted to control the banking) may be rather severe.
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garth 4:20PM (6/07/2008)
This will probably influence which way the Irish vote in their June 12th referendum on joining the European Union.
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ryan 4:33PM (6/07/2008)
NAU in 2010...mark my words. Down with the NWO!!
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J.Crew 8:24PM (6/08/2008)
It is interesting that no one is looking at how this protectionism is either a good or a bad thing. I am not pro union aor anti union, although this must be one of the last severely protected regions in the world. They do not want what is happening in Michigan/Ontario to come to Germany. I am torn by what is going on here as Porsche wants control so they can unlock the value of VW by tearing apart what is stable for so many although not so profitable overall for the company.
As for politics, yeah, the NWO is coming. It will be North America (USA/Canada/Mexico), vs Euro, and both importing from Asia for the most part. Most people have no idea this is going on and are trying to survive with increasing debt, job loss, and sinking housing values. It will be sold to the masses in a packaged form from government and media and most will eat it up as the rich get richer and the rest of us will get by. It will all equal out in the end as the entire system is man made and cannot swing to far either way as the system is still based on ACTUAL PEOPLE VOTING. We all have power, we just need to use it properly.
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