'VW Law' still blocks Porsche control plan -VW CFO

Newswire

FRANKFURT, Oct 30 (Reuters) - Porsche SE will only achieve its aim of taking full operational control of Volkswagen by next year's annual meeting if the 'VW Law' is repealed by then, VW's finance chief said. The law, adopted in 1960 to manage the privatisation of what is now the world's third-biggest carmaker, shelters VW from domination by Porsche, which aims to build its stake above 75 percent in 2009, Hans Dieter Poetsch told an analyst call. A domination agreement would give Porsche ...

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