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Image header Agence Europe
Europe Daily Bulletin No. 8677
Contents Publication in full By article 24 / 39
GENERAL NEWS / (eu) eu/internal market

Germany calls for amendment to Volkswagen law

Brussels, 30/03/2004 (Agence Europe) - The European Commission has formally called on Germany to amend the "Volkswagen law" that enables the region of Lower Saxony to inspect strategic decisions made by the car manufacturer. It considers that the 1960 law dissuades investors increasing their share in VW, by limiting shareholders voting rights to 20% and by giving the region two seats out of ten on the management board. Provisions judged to be contrary to the rules of free movement of capital...

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