EU Commission sends Germany ultimatum on VW law

Newswire

BRUSSELS, March 30 (Reuters) - The European Commission told Germany on Tuesday it must scrap a law that protects carmaker Volkswagen AG from hostile takeovers or face court action, a Commission spokesman said on Tuesday. The Commission believes Germany's so-called VW law breaches EU treaty rules on the fundamental freedoms of movement of capital and investment. But the German government has defended the law as vital to protect jobs at Europe's largest carmaker. The fresh legal step by ...

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