Skip navigation
Newswire

EU to raise legal pressusre on Germany over VW law

BRUSSELS, Jan 15 (Reuters) - The European Commission could already next week ask Germany to change a law that protects car-maker Volkswagen AG from hostile takeovers, a Commission spokesman said on Thursday.

The EU executive has already warned Germany once that the VW law breaches the European Union's rules on the fundamental freedoms of movement of capital and investment. But the German government has defended the law as useful to prtect jobs at VW.

"The VW case is on the European Commission's provisional agenda for next week," European Commission spokesman Jonathan Todd told Reuters.

If Berlin refuses to change the law, it will have to defend its case in front of the European Court of Justice, the EU's highest court.