Lower Saxony minister says "VW law" unneeded -paper

Newswire

HANOVER, Germany, Aug 23 (Reuters) - Germany's "Volkswagen Law" that helps hinder any hostile takeover of Europe's biggest carmaker is unnecessary, a key state official and Volkswagen AG board member was quoted on Wednesday as saying. "The law is really unneeded. It does not have the protective function that some assign it. Competitiveness is the decisive factor," Lower Saxony Economics Minister Walter Hirche told German newspaper Braunschweiger Zeitung in an interview. His comments ...

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