UPDATE 2-Low turnout at Volkswagen AGM gives Porsche majority

Newswire

(Rewrites throughout, adding Lower Saxony, investor comments) by Christiaan Hetzner HAMBURG, Germany, April 24 (Reuters) - A low turnout at Volkswagen's annual meeting crowned Porsche as the first shareholder to exercise a majority in Europe's largest carmaker since its privatisation in 1960. Months after Europe's highest court ruled the decades-old Volkswagen Law unfairly limited shareholder rights, Porsche, which aims to increase its 31 percent stake in VW to a majority, was allowed ...

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