Govt rejects Porsche's VW law proposal -magazine


FRANKFURT, March 21 (Reuters) - Sports car maker Porsche , the largest shareholder in Volkswagen , failed to win government support for its alternative proposals to change the carmaker's statutes, a German magazine said on Friday. The German government has drafted a new "VW Law" to replace an earlier bye-law that the European Union says allows undue state influence over the company, particularly to the state of Lower Saxony, VW's second-largest shareholder. The draft German law aims to ...

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