VW Law struck down


European Court strikes down VW Law, Porsche takeover now possible

While Porsche has been gobbling up stake in Volkswagen for about a year, a little piece of legislation called the VW Law has been the only thing preventing the sports car builder from gobbling up the giant German automaker. Currently Porsche holds a 31% stake in VW, but with news today of the European Court striking down the VW Law, many expect the company to quickly increase its stake to a controlling 51%. The VW Law itself dates back to 1960, and while a bit complicated to understand, basically stipulates that 80% shareholder approval is ... Read more →

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