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Germany may abolish law protecting Volkswagen from public influence

Lower Saxony and unions are blocking Volkswagen's restructuring, according to a Swiss media outlet.

Published 6sem1 sourceNotableupdated 3j
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The fact

The *VW-Gesetz* limits shareholders' voting rights to preserve public influence.

Its abolition would boost private investment and the group's competitiveness.

Click the link to read an article on the topic:

Why it matters

Cette loi, unique en Europe, fige l’actionnariat de Volkswagen depuis 1960 et freine sa modernisation face à la concurrence chinoise et américaine. Sa suppression pourrait servir de modèle pour d’autres entreprises publiques en difficulté.

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