Porsche asks German justice min to scrap new VW Law

Newswire

FRANKFURT, Jan 30 (Reuters) - Porsche's two top executives called on German Justice Minister Brigitte Zypries to scrap a draft of a new Volkswagen Law preserving strong state influence, the company said on Wednesday. The proposal, if enacted, would represent a defeat for VW's largest shareholder Porsche, since it would still allow VW's organised labour to veto any management decision to close a production plant and enable the state of Lower Saxony to retain its blocking minority even ...

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